Technical Analysis

( UK 100 )FTSE remains choppy The ( UK 100 )FTSE continues to grind sideways as the recent direction has left traders feeling uneasy. Following a tentative test to break 9400 on the downside, the index appears to have encountered…
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The Dow managed yesterday to hit around 80 pips above the resistance at 46600, as the market moved back to hit the daily close, which was a sign of a false break. We still holding our previous outlook for Dow that if prices…
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Gold met the target of 4235 and price action looks to be building a Rising Wedge formation, which is considered to be a challenge for the uptrend wave. So far, the market is showing the chance for a trading zone between 4200…
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As we see over the previous chart, prices face the chance for a trading zone between support 57.60 and resistance 59.80-60.25. The market managed to hit this rebound correction toward 59.00 yesterday. Below 57.60 the…
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USDJPY fell below the first support at 150.90 as the market still faces a second support around 149.75. As we advised before and if the market holds above the support of 149.75, the advance wave could sustain toward the target…
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The pair managed to re-test the resistance zone at 1.3420-60 today. As we see over the previous chart, and as long as the market holds below the resistance zone of 1.3420-60, the drop pressure could continue. Prices facing a…
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Euro passed above the resistance of 1.1650 earlier today, while as we see over the chart prices still face the 1.1700-20 resistance zone. The market could head for a trading zone between the 1.1610-30 support and 1.1700-20…
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USDCAD tests fresh lows The dollar progressed further as the bull rally continues to pace toward a fresh high. A break above 1.4000 was a strong bullish signal, forcing the remaining sellers to cover and paving the way for a continuation…
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