Technical Analysis

The Euro met the second target of 1.1690 and above. As we see over chart, the market is still on an uptrend wave which is still looking for the third target at 1.2000. Intraday levels show the first support around 1.1765 and 1.1650-60,…
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USOIL(crude WTI) stuck in consolidation USOIL(crude WTI) remains stuck and lacking any conviction after last week's sell-off. The move suggests that buyers are attempting to regain their footing after prices fell from the 78.00 level.…
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The Dow managed to break above the resistance of 43300 which could now push for an advance toward resistances 44035 and 44550-90. Prices managed today to hit the first target of 44035 while still looking toward the second target at 44550.…
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Gold managed early today to hit 3245 while the market managed to push for a rebound correction toward 3296. As we see over the Intraday chart, prices still face resistance around 3301, where as long as the market holds below it, the…
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Crude Oil managed to hit a  fast correction and as result of easing tensions in the Middle East. Prices hit targets 71.45, 68.00 and closed from the third support 63.70. As we see over the chart, and as long as the market holds above…
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USDJPY managed to hit below the support of 144.30 which could push for more of a drop to test the support trend at 143.30-40, which in turn could push for a rebound with resistances around 144.95 and 145.70-90. Below 143.30 more of a drop…
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GBPUSD advanced and tested the resistance of 1.3745 last week. As we see over the chart this resistance zone of 1.3745-75 could push for some correction movement within the trading zone area towards 1.3370. Above 1.3775 the market could…
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The Euro met the second target of 1.1690 and above. As we see over chart, the market is still on an uptrend wave which is still looking for the third target at 1.2000. Intraday levels show the first support around 1.1650-60, where as long…
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The S&P(S&P 500) ignoring the crisis The S&P(S&P 500) pushed to another fresh high as tech stocks continue to propel the market. It appears that investors have brushed aside lingering geopolitical concerns and pinned…
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