Technical Analysis

The Dow managed last week to break above the resistance of 45700-50 whilst managing to meet the first target at 46000. As we see over the chart and if prices hold above the support of 45500-700, another advance toward 46300 and 46800…
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Gold is now testing the resistance zone which laying between 3646-57, which could maintain the Intraday pressure for another drop towards 3620, which in turn could activate another advance towards 3646-57 and 3675-80. Below…
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Crude Oil held below the resistance at 64.30-60 while the downtrend pressure remains on market. As long as the market keeps holding below this resistance, the downtrend pressure could sustain towards the 59.50 target. Above…
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USDJPY held above the old support at 145.70 and managed to hit a rebound again towards 148.20 last Thursday. This trading zone between 145.70 and 149.15 is still holding the market as expected. Above 149.15 more advance…
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GBPUSD managed to hold below the resistance of 1.3590 and dropped towards 1.3493, whilst support at 1.3480 kept the advance wave ongoing. The resistance zone is now around 1.3590-1.3620 and above this zone more advance will be…
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The Euro remains above the support trend at 1.1660-80 which still indicates a further advance towards 1.1830 and 1.2000. Below 1.1660, this could push for a drop with Intraday supports at 1.1575 and 1.1515. SUPPORT…
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( UK100 ) FTSE grinding higher The ( UK100 ) FTSE continued its progressive behaviour after sinking towards 9000 at the beginning of the month. A break above the cluster of levels around 9250 has triggered a boost of short-term long…
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(EURUSD)Euro remains bullish The (EURUSD)Euro advances as the pair moved over 300 pips in recent sessions, as the greenback remains on the back foot. With last week’s inflation report showing a jump, this managed to limit the…
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