Technical Analysis

GBPUSD also managed to re-test the support trend around 1.3420-50 again yesterday. If the market hold above the said trend, then the advance wave could move back towards the 1.3745-75 zone. Below 1.3420 more of a drop could…
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The Euro tested the support zone of 1.1700-50 again yesterday as the market still holds above the uptrend line. As long as prices remain above the second support at 1.1700, the advance wave could sustain. Below 1.1700 a…
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( WTI) USOIL maintains bull run ( WTI) USOIL moved higher as demand for the black gold looked brighter for the remainder of the year. As the daily RSI moved away from the oversold area, bulls might take a breather after they cleared…
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( GER 40 ) Dax picks up the pace The ( GER 40 ) Dax maintained its competitive stance as prices moved away from the recent floor. The index is attempting to pass the 24000 level but could see a slight pullback with an overbought RSI,…
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Gold sustained the global rally on China demand to hit the target of 3780 today. As we see over the Intraday chart, a question overshadows the market whether Gold has the momentum to resume an advance towards 3820, or if the…
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The Dow seems to be building a rising wedge formation, which if managed to control market, a correction is likely. Intraday charts show the chance for a trading zone between support 46000-100 and resistance 46450-500. Above…
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Crude Oil hit around 61.60 yesterday at the support of the current trading triangle formation as we see from the chart. The current trading zone is now between support 61.50-70 and resistance 64.00-20. Below 61.50 more of a drop…
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USDJPY managed last Wednesday to test the support of 145.70 and moved lower in a volatile move over the Fed rate cut. The market managed to rebound quickly above 145.70 to drive the market for more rebound. As we see over the…
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GBPUSD dropped below 1.3575 and managed to test the support trend around 1.3450-80. As we see over the chart, the uptrend line support is around 1.3420-50, where as long as the market holds above it, the advance wave could move…
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The Euro managed to add more of a drop below 1.1770 as the market still holds above the second support of 1.1700, which is still showing a chance for further advance towards the 1.2000 zone. As we see over the chart, as long as…
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