Technical Analysis

USDCAD slides lower The Canadian dollar benefited from a weak greenback as prices fell from their recent peak. The pair searches for support after its recent rally saw price action pop above the 1.3900 level, but it has since fallen…
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The Dow managed to met the target zone at 49500-600. As we see from the previous chart, prices face an uptrend resistance channel around the 49800-50000 zone which led to a correction towards 48760. As long as the market holds…
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Gold managed to meet targets 4575 and 4600. As we see over the chart, Gold if facing a resistance trend which could lead to a correction. A break above 4600 could set a new uptrend wave toward 4800 and above. SUPPORT…
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Crude Oil printed above the resistance at 59.40 which could lead to another advance. As we see over the chart, the market is facing the first support at 58.80 as the second support at 57.50 will target towards 62.60. Below 57.50…
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USDJPY hit targets 157.30 and 157.75. As we see over the chart, prices have the chance for more advance toward 158.95 and 159.85, if the market holds above the support of 157.30. Below 157.30 more of a drop could hit the market…
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The pair managed to test the support of 1.3400 which is still holding so far. As long as the market holds above 1.3400, the scenario for another advance toward 1.3610-40 zone remains. Below 1.3400 more of a drop will be expected…
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EURUSD broke a Rising Wedge formation which could create some pressure towards 1.1490. As we see from the previous chart, prices still face a support zone at 1.1600 which could lead to another advance higher. Below 1.1600 more…
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 GBPUSD drifts lower The dollar kept up its dominance over the pound as prices sank to a fresh low. Cable came under more pressure after firmly breaking through the 1.3500 level, and the drift south has since led more buyers to take…
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