Technical Analysis

EURUSD looks for direction The euro continued its dominance over the American dollar (USD) after the pair bounced over 300 pips higher. As sentiment remains upbeat from the medium-term perspective, the recent move could be an opportunity…
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The GER40 (DAX) tests resistance The GER40 (DAX) hit a fresh peak as euro stocks continued to outperform. A pop above 23500 and then the recent high above 24000 kept the index moving in the same direction. This confirms that the market…
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The Dow managed to sustain  an advance to meet the target 42835 and above. As we see over the chart, the market is closing from the support zone 42140-200. If prices remain above it another advance could hit the market toward 42670 and…
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Gold managed to break above the resistance of 3260 yesterday and hit 3290 to close from the second target of 3330-50. As we see over the Intraday chart, the market is facing reistance around 3350 and 3380 while support is at 3275. Below…
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Crude Oil Prices met the target of 63.20-50 while managing to advance further. As we see over the chart, the market is facing resistance around 64.80 where as long as prices hold below it, a chance for a correction could hit the market.…
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USDJPY fell below the support of 144.40 which caused a drop in the market toward 143.45 so far. As we see over the Intraday chart, the market could show  a support trend around the 143.00-20 zone, which as long as the market keep above it,…
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GBPUSD managed to break above resistance 1.3360 to hit the target 1.3440. As we from the chart, the market is facing a support zone around 1.3315-30, where as long as prices keep holding above it, the advance wave could expand towards…
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Euro broke above the resistance of 1.1290 and managed to print a high around 1.1350. As we see over the chart, the market is still targeting the 1.1380 resistance zone with support at 1.1265. Below 1.1265 more of a drop could hit the…
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