Technical Analysis

The Dow managed to break below a short-term uptrend which could lead to a further drop. As we see over the chart, the market is facing resistances at 52700-800 and 53340, where as long as prices hold below one of those levels,…
Read More

Gold managed to meet the target of 4340-65 and below. As we see over the chart, prices still remain above the support at 4280 which is still holding the chance for another advance wave toward 4625. Below 4280 more of a drop…
Read More

Crude Oil managed to sustain the advance wave to print a high around 101.35. As we see from the chart, the target is still towards 104.50. Intraday supports are at 96.00 and 92.70, where as long as the market hold above one of…
Read More

USDJPY managed to resume the drop as traders anticipate a rate hike from the Bank of Japan next week. The market faces support around the 152.00-15 zone while resistance at 155.00-20 could lead to a trading zone here. Below…
Read More

Intraday levels show possible support around 1.3475 which could support the market in the short-term. As we see from the chart, prices face supports at 1.3475 and 1.3400 where each support could lead to an advance toward 1.3675. Below…
Read More

The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week. As we see from the chart and as long as the market holds above this support,  a rebound towards…
Read More

EURUSD slides lower The dollar (EURUSD) progressed as the European Central Bank raised its key interest rate. The pair is still probing for support after hitting a weekly low below 1.1600. Since then, the euro has clawed back…
Read More

USDJPY breaks lower The Japanese Yen (USDJPY) remains pressured as traders expect a rate hike from Japan’s central bank. Last week’s drop looks set to continue as sellers claim more dominance. A lack of follow-up support has…
Read More

The Dow remains from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 in the few last weeks. As we see from the chart and as long as the market holds above 52640, the advance is…
Read More

Gold holds below the resistance of 4440-60 to meet the target at 4365 and below. As we see from the chart, Intraday levels show resistance around 4385 which could keep pressure over the Intraday frame, holding the market inside…
Read More