Technical Analysis

Oil managed to pass above the first resistance of 59.00 as prices still face a downtrend resistance around 60.10. As we see over the chart and as long as the market holds below the above levels, another drop toward 57.60-80 could hit the…
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The pair dropped towards 154.33 so far. As we see from the Intraday chart and if the market holds below 156.50-70, the drop movement could expand toward 153.60-80 or 151.50, where each support has the chance to push for a rebound. Above…
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The met the target and resistance of 1.3360-70 and managed to print a few pips above it. As we see over the Intraday chart, prices face the chance for some a correction towards 1.3250-60 before advancing back again. Above 1.3385 more…
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Prices advanced above the downtrend line as we see from the previous chart which could push for further advance. The market is facing Intraday support around 1.1590, where as long as prices hold above it, the advance could continue toward…
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( FTSE ) UK 100 breaking lower ( FTSE ) UK 100 broke lower through its recent consolidation zone, with prices holding out for support. Stiff selling could be expected if price action drops below 9600, as previously trapped bulls would…
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Nasdaq 100 (NAS 100) tests resistance The Nasdaq 100 index has recouped most of its losses from the November sell-off as sentiment remains cautious. The spike at 25600 is a key obstacle where a breakout could ease any signs of selling…
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(XAUUSD) the gold stuck sideways (XAUUSD) the gold continues to feel the squeeze as prices get caught up in a consolidation battle. As the Fed seeks to control the direction of the dollar and gold through the end of the year, the…
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(EURUSD) The Euro reaches new peak (EURUSD) The Euro accelerated further over the dollar as the rally continues. The pair continued higher as price action tested the 1.1680 level. However, the RSI's overbought condition could attract…
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