Technical Analysis

The Euro managed to break below 1.1245 yesterday and now could push for a further drop to test the support zone of 1.1140-60 with resistance around 1.1265-80. Below 1.1140 the market could head for a drop toward 1.0950. Above 1.1280 more…
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USDCAD (Canadian dollar) finding support The USDCAD (Canadian dollar) lost a bit more ground to its neighbour as last week’s Fed decision kept the greenback elevated. Fed Chair Jerome Powell set a muted tone on whether there would be…
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UK100(FTSE) hits resistance The UK100(FTSE) maintained its bullish stance as prices remained above the 8500 level. The recent rally has put the index back right under this month's high after bouncing towards 8600. A continuation could…
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The Dow managed to break above the resistance of 41100-200 last Friday. As we see over the chart, prices are facing Intraday supports around 40850 and 40600-50, where as long as the market holds above one of those supports, the advance…
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Crude Oil again tested the resistance zone of 59.70-60.25 and fell toward 57.50 so far. As we see over the chart, a trading zone between support 56.50 and resistance 59.70-60.25 could control the market. Above 60.25 more advance…
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Gold broke above the resistance of 3388 two days ago to meet the target of 3425. As we see over the Intraday chart, the market is facing resistance around 3415-25 which could push again for another drop to test 3350-60. Above 3425…
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USDJPY held below 144.40 and managed 2 days ago to hit the target zone of 142.50-70. Prices also managed to rebound from that support zone. As we see from the chart and if prices hold above 142.30, more advance toward 145.10 could hit…
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GBPUSD held trades inside our expected trading zone so far and tested 1.3435 and fell toward 1.3260 so far. The trading zone between the support 1.3200-20 and resistance 1.3435 could control the market. Above 1.3435 more advance…
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The Euro managed last week to test the edge of our support zone of 1.1245-65 and rebounded toward 1.1380. As long as the market holds above this support zone at 1.1245-65, the advance wave could sustain for a further advance. Below…
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