Technical Analysis

EURUSD Awaits rate decision After last week’s high-impact news events, the euro succumbed to pressure and fell below 1.1500. With the Eurozone warning of higher inflation, officials warned of headwinds for the European economy, as this…
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As we see from the previous chart, the market is facing a resistance zone at 47215-450, where if the market holds below it, more of a drop will be expected with supports at 46300 and 45700. Above 47450 more advance will be…
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Gold managed to fall below the support of 4996 and managed to print a low around 4967. As we see from the Intraday chart, a chance for a trading zone between support 4960 and resistance 5065 could hold the market. …
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Crude Oil managed to print around 100 today closing from the target of 101.50. As we see from the Intraday chart, prices face support around 95.00, and if the market holds above it, more advance is still expected towards…
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USDJPY managed to print above 159.45 which could push a further advance as the market still faces resistances around 160.20 and 161.95, where each resistance could push for a drop towards the 157.25-65 zone. Above 161.95, the…
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GBPUSD met the target of 1.3250-70 and managed to add more of a drop last week. As we see from the Intraday chart, prices face a support trend around 1.3200, which could give the chance for a rebound towards 1.3460-80. Below…
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The Euro retreated from the resistance of 1.1655 and managed to close from the target and support of 1.1400 last Friday. We also anticipated that a rebound from 1.1400 could hit the market as the first resistances are at 1.1510 and…
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GBPUSD hoping for support The pound remains under intense pressure after breaking the 1.3300 level, which has led to multi-month lows. The pair hopes to stage a bounce away from the psychological level of 1.3200 as the recovery theme…
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The Dow managed to meet the target at 47000. As we see over the Intraday chart, the market is facing a resistance zone at 47215-450, and if prices remain below it, more of a  drop will be expected with supports at 46300 and…
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