Technical Analysis

The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance. Starting from…
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GBPUSD managed to retreat from the 1.3555 resistance as Intraday support remains at 1.3470. As long as the market holds above 1.3470, another advance toward 1.3655 is likely. Below 1.3470 more of a drop could hit the market with…
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The Euro managed to resume the advance to close towards the first target  at 1.1620. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may could continue…
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GER 40 stuck in a bull channel The Dax (GER 40)continues its choppy upswing after rising once again from the lower 26000 area. Prices continue to capitalise on its break above the psychological level of 26000. As the RSI drops…
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AUDUSD looking for a shift in confidence The Australian dollar (AUDUSD) gains further traction as prices look to continue the August rally. This week’s speculation is that consumer confidence could slip into negative territory.…
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The Dow remains above the second Intraday support at 53660 which is still holding the advance wave toward 55000. Below 53335 more of a drop is likely with support at the 52700-800 zone. SUPPORT RESISTANCE LEVEL1 53660…
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Prices managed to hit a rebound towards the 4407 resistance. As we see over the chart, the market could head for another drop toward 4260 and below. However, a break above 4448 could add more advance towards the 4500 zone.…
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Crude Oil reached the edge of 83.60 before retreating. As we see over the chart, resistance remains around 85.10, where as long as the market holds below it, a drop toward 77.30 and lower could hit the market. Above 85.10 more advance…
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The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance. Starting from the…
Read More

GBPUSD is testing the 1.3555 resistance as the chart shows the ability for more advance. As we see over the chart and as long as the market holds above 1.3470, more advance is likely toward 1.3655 and 1.3730. Below 1.3470 prices could…
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