Technical Analysis

As we see over our previous chart, the Dow faces the chance for a correction, as long as the market remains below 48000 as the support of 47000 could keep the advance wave ongoing. Prices managed to test the first support last week…
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As we see over the chart, the market could maintain this trading zone inside the uptrend channel with a resistance zone at 4050-70 and support at 3940-50. Above 4070 more advance to test 4100 will be expected while above this zone more…
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Crude dropped from the resistance of 62.60 and managed to break below the support of 60.00. As we see from the previous chart, prices face support around 58.50, which could lead to a rebound to re-test the 62.60 resistance. Below…
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USDJPY managed to hit above the resistance of 154.00-20 which could lead to a further advance. As we see over the Intraday chart, prices face support around 153.25-65 and if the market holds above it, more advance toward 156.70…
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GBPUSD moved below the support of 1.3140, which could lead for a downtrend break towards 1.2850. As we see over the chart, the market is facing a resistance zone at 1.3240-90, where as long as the market holds below it, the downtrend…
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The Euro managed to break below the support of 1.1545 which could lead to another drop. As we see over the chart, the market faces resistance around 1.585, and if prices remain below it, the downtrend pressure could sustain with support…
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USDJPY grinding higher The Yen attempts to stabilise after losing further ground to the greenback. The pair continues to grind higher after moving above 154.00 as prices look for consolidation. A series of higher highs suggests that the…
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EURUSD remains in a bear trap As the dollar's dominance persisted amid the Fed's market-shaking moves last week, fresh doubt emerged over whether another rate cut is coming next month. As the Euro shed over 300 pips from its September…
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As we see over our previous chart, the Dow faces the chance for a correction, as long as the market remains below 48000 as the support of 47000 could keep the advance wave ongoing. Prices managed to test the first support yesterday around…
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