Technical Analysis

Gold almost hit the target of 4050 early today. 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…
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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 58.50…
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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 and 158.50…
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As we see from our previous chart, the market hit the target and support yesterday at 1.3140 and a few pips below it, with signs of ability to break further lower. If prices hold above 1.3140, a further rebound will be expected with…
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As we see over our previous chart, the Euro seems to be building a Triangle formation at support 1.1545, as resistance at 1.1700 has the chance for a trading zone. The market managed yesterday to test the support of 1.1545. Above 1.1700…
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EURUSD drops lower The euro took a step back against the dollar as the Fed raised questions about its next move. After testing 1.1600, price action is now turning its attention to October’s low at 1.1550. A subsequent break below this…
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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. Above 48000 more advance toward 48500 could…
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Gold fell below the 3970 support yesterday and hit the target and support of 3915 today. So far, this support still holds which could give the chance for an advance towards the 4050 resistance. Below 3915, prices could move back…
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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 Intraday 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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