Technical Analysis

USDJPY managed to hit targets 156.15 and 156.95 after the BOJ Interest-Rate Hike. As we see over the chart, the market is facing resistance around 157.90, which could lead to a correction toward 156.15 before rebounding. Below 156.15 more…
Read More

GBPUSD managed to break above the resistance of 1.3360-70 which could push for a further advance. As we see over the previous chart, prices face a support zone around 1.3280-99 which could cause a move towards targets 1.3470 and…
Read More

Prices advanced above the downtrend line as we see from the previous chart which could push for further advance. The support trend is still around 1.1590, where as long as prices hold above it, the advance could continue toward 1.1820.…
Read More

EURUSD stuck sideways The dollar remained volatile as soft inflation figures revived the possibility of the Fed continuing to cut rates. The pair had previously secured a solid holding above 1.1750 as prices continuously tested this…
Read More

( UK 100 ) The FTSE continues higher ( UK 100 ) The FTSE progressed as UK inflation fell sharply, fuelling the likelihood of a rate cut. The bounce to the recent high at 9800 has met some selling pressure as some buyers exited the…
Read More

( US 30 ) The Dow looks for a fresh peak ( US 30 ) The Dow is stuck in consolidation as it nears another record high. A break above 48500 prompted short-term bears to exit, helping the market mood stabilise after the recent correction.…
Read More

The Dow managed to hit the targets of 48000 and 48420 and added more advance. As we see from the previous chart, prices face a support zone around 48000-300 which was tested last Friday. If the market holds above this zone, then…
Read More