Technical Analysis

In fast movement two days ago, the Dow managed to move above the resistance of 46450, whilst quickly moving back inside the rising wedge formation as we see from the chart. The same roles still applied as this trading formation…
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Gold hit more of a correction yesterday whilst rebounding quickly towards 3751. As we see over the Intraday chart, the market is facing a resistance zone around 3750-52. If prices hold below this zone, another drop to test…
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Crude Oil managed to pass above the resistance at 64.00-20 yesterday, which could push for a further advance as the market faces resistance around 65.80. If prices fail to break above 65.80, this could lead for another 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…
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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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