Technical Analysis

Oil dropped from the level of 62.60 and managed to print a low around 58.77 last week. As we see from the previous chart, prices face support around 58.50, which could lead to a rebound to re-test the 62.60 resistance. Below 58.50…
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GBPUSD moved below the support of 1.3140, which could lead for a downtrend break towards 1.2850. As we see from the chart, the market is facing a resistance zone at 1.3240-90, where if the market holds below it, the downtrend pressure…
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The Euro passed above the 1.1585 resistance level as the market closed from the downtrend line which is now around 1.1610. If this trend managed to halt the price progression, a correction towards 1.1500 is likely. Above 1.1610, the…
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EURGBP awaits breakout The euro attempts a comeback after being stuck in a downtrend for most of this month. Sentiment has improved after a spike led to a break past the 0.8800 level. The pair is now focusing on the next target at the…
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As we see from the previous chart, prices managed to test the support zone at 46400-650 last Friday, which led to a rebound as the market moves closer to the target and resistance of 47450. The resistance at 47450 could push for a drop…
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Market managed to hit some drop correction from resistance 62.60 while managed to print low around 58.77 last week As we see over our previous chart, market facing support around 58.50 which if managed to support the market a rebound…
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Gold met the second target at the 4130-60 zone. As we see over the Intraday chart, prices are facing the chance for a trading zone between support 4100-10 and resistance 4161. Above 4161, a chance for a further advance towards 4186…
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Market managed  to test support trend around 152.90 while market still maintain this trading zone  toward resistance 154.30-50 Above 154.50 will expect farther advance toward 156.70 Below 152.90 more drop will be expected…
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Market  managed to broke below support 1.3140 which may lead for a downtrend break toward 1.2850 as advised before As we see over the previous  chart, market facing resistance zone at 1.3240-90 where as long as market holding trades…
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