Technical Analysis

The Dow broke above 41800 while managing to close into the second target of 42500. As we see over the Intraday chart, the market is facing resistance around 42560, which could push for a drop toward 42000 and 41600. Above 42560 more…
Read More

Gold met the target of 3260-70, broke below it and closed in from second target 3200. As we see over the chart, the market is facing intraday support around 3193-3202 which could push for a rebound correction toward 3235 and 3260-70.…
Read More

Crude Oil hit 61.50 and broke above it last Friday. Price action now faces the first Intraday support around 61.50. if prices remain above it the advance wave could sustain toward the second target and resistance of 64.80. Below 61.50…
Read More

USDJPY hit 146.85 and also today broke higher to meet the target of 148.25. As we see over the chart, prices face the first support around 147.50 while the second support is at 145.70. As long as the market holds trades above one of…
Read More

GBPUSD broke below the support of 1.3200 today and could add more pressure towards 1.3030. As we see over the chart, the market is facing resistance around 1.3220-60, where as long as the market holds below it, the downtrend pressure…
Read More

The Euro met the target and support at 1.1140-60 and managed to break below it earlier today. As we see over the chart, price face support around 1.1030 which could push for a rebound with resistances at 1.1195 and 1.1265-90. Below…
Read More

WTI crude(USOIL) attempts to rebound WTI crude(USOIL) continues its choppy move higher as prices remain pressured after geopolitical tensions still linger. From the chart's perspective, the current move added over $5 to the value but…
Read More

Gold managed yesterday to meet the targets 3350 and 3305 and fell lower. As we see over the chart and as long as the market holds below the resistance of 3360-70, another drop wave toward 3260-70 will be expected. Above 3370 the market…
Read More

The Dow managed to break above the resistance 41100-200 last Friday. As we see over the chart the market is facing Intraday supports around 40850 and 40600-50. If prices remain above one of those supports, the advance wave could expand…
Read More

Crude Oil broke above 60.25 today which could set a further advance. As we see over the chart and as long as the market holds above 59.50-90, an advance movement toward targets 61.50 and 63.50 will be expected. Below 59.50 more of a drop…
Read More