Technical Analysis

(S&P) SPX 500 reaches for another record The (S&P) SPX 500 resumed the climb after the latest FOMC press conference lingered in traders’ minds. Stocks are looking to recover from the recent sell-off as focus intensifies on the…
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The Dow managed to hold above the support of 45500-700 and met the first target around 46300. As we see over the chart and as long as the market holds above the support of 45500-700, another advance toward 46800 will be expected.…
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Gold managed to hit a fast advance and closed from the target of 3710 last Wednesday, before the market rapidly dropped before testing 3710. As we see over the Intraday chart, prices face pressure which could lead to another drop. As…
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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 chart,…
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Crude Oil held below the resistance of 64.30-60 while the downtrend pressure is still on the market. As long as the market holds below this resistance, then the downtrend pressure could sustain towards the 59.50 target. Above 65.80…
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GBPUSD printed a high around 1.3726 before market hit a correction. The Pound managed to fall below the support of 1.3575-95 and resumed a drop towards the support zone of 1.3480. As we see over the chart, if the market holds above…
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The Euro hit the target of 1.1830 and above before dropping lower yesterday to break below first the support at 1.1770. As we see over the chart, the market is facing supports around 1.1770 and 1.1700, where one of those supports could…
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( WTI ) USOIL claws back losses ( WTI ) USOIL recouped losses after the recent upswing, which saw price action jump higher. A brief fall below 62.00 earlier this month has allowed some long positions to close in profit, shaking out…
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