Technical Analysis

(US30) Dow Jones tests resistance The (US30) Dow Jones remains steady as investors brace for the latest NFP number. The move towards a potential record high was rejected as prices failed to clear the cluster of resistance around 45600.…
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The Dow managed yesterday to break below the 45100 support, which could push prices further down. As we see from the Intraday chart, prices face a resistance zone around 45320-70, where as long as the market remains below it, a…
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Gold managed to sustain an advance yesterday and managed to meet the target of 3540. As we see from the Intraday chart, the market faces a trading zone inside a triangle formation between support 3526 and resistance 3544-46.…
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Crude Oil managed to break above the resistance of 65.00 which could push for a further advance toward 69.00. As we see over the Intraday chart, the market is facing support around 63.60-90, where as long as the market holds…
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USDJPY managed to hold above the support trend of 146.50-70 which was tested several times with a rebound towards 148.93 so far. Below 146.50 more of a drop to re-test the old support at 145.70 which in turn could activate…
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GBPUSD moved below 1.3360 with a fast drop which could lead to a further downturn. As we see over the Intraday chart, the market is facing a resistance zone around 1.3430-50. If prices remain below it, more of a drop toward…
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The Euro dropped to the resistance zone of 1.1720-40 as the market closed to the support trend of 1.1575-1.1600. As we see from our previous chart, the Euro still holds a trading zone in a triangle pattern. Below 1.1575 more…
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(GER40)DAX remains pressured The (GER40)DAX continues its bearish stance after fading further away from its August peak. A close below the previous swing low of 24100 gave more pressure to the index. This suggests that overall…
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The Dow managed to hold above the support zone at 45100-50 to push for another advance towards the first resistance zone at 45750. Prices hit another correction towards 45225, while as long as the market keeps holding above 45100-50 the…
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