Technical Analysis

GBPUSD managed to hit below 1.3425 which could lead to a further drop on the market. As we see over the chart, the market is facing pressure as long as prices remain below 1.3465, as each support could lead to a rebound.…
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The Euro managed to break a Rising Wedge formation which could cause a downturn towards 1.1490. As we see over the Intraday chart, prices still face a support zone at 1.1600-50, which could lead to an advance higher. Below…
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(NAS 100 ) The Nasdaq another peak (NAS 100 ) The Nasdaq awaits the next signal as price action falls from its latest peak. The index remains bullish as prices remain elevated. 25600 is the next target before the index picks up the…
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USDCAD probes support The pair continues to languish as prices hit another fresh low. On the chart, the greenback is poised to lift above the 1.3700 target to switch the directional bias, after continuous support breaks since the…
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The Dow managed to pass through the target of 48370-500 and closed towards the second target of 48850. As we see over the chart, the market still has room for further advance to test the resistance trend around 49500-600, which could…
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Gold corrected yesterday to print a new low around 4303. The market still holds above the main short-term support zone at 4235-45. If prices remain above the said area, then the advance wave could still progress towards 4600. The…
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USDJPY has started to build a formation which could send prices higher. Intraday levels show support at 155.25-75, where as long as the market holds above it, a rebound towards 157.05, 157.75 and 158.85 is likely. Below 155.25, the…
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The market managed to expand the rebound correction above the 57.05 resistance towards 58.80 last week. As we see over the chart, the market is facing resistance around 59.00-40, which could keep prices inside this trading zone towards…
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GBPUSD hit 1.3470 last week and managed to break above it. Prices have the chance to test the downtrend line resistance around the 1.3620-50 zone. Intraday support is at 1.3425 and 1.3280. SUPPORT RESISTANCE LEVEL1…
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