Technical Analysis

Gold dropped today to close towards the support zone at 4160-70 again. As we see over the chart, if prices hold above the support at 4160-70, the advance wave could expand towards the 4272-77 zone. Below 4160, more of a drop could hit…
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Oil passed above the first resistance of 59.00 as the market still faces downtrend resistance around 60.10. As we see over the chart and if prices hold below the said resistances, then another drop towards 57.60-80 could hit the market.…
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USDJPY managed to hit below 155.00 a few days ago which added some pressure. As we see over the Intraday chart and if the market holds below 156.50-70, the drop movement could expand towards 153.60-80 or 151.50, where each support has…
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GBPUSD passed above the resistance of 1.3250-60 and managed to add more advance to close towards the target and resistance of 1.3360-70. As we see over the Intraday chart, price face the chance for a drop toward 1.3250-60 before…
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Euro advanced above the downtrend line as we see over the chart which could lead to a further advance. The market is facing Intraday support around 1.1590, and if prices hold above it, the advance could sustain towards 1.1820. Below…
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AUDUSD reaches new peak The Australian dollar maintained its rally after jumping by more than 100 pips in recent sessions. The pair is still grinding higher after hitting a peak at 0.6585. Its breach would open the door to 0.6600,…
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As we see over the chart, Gold faces a trading zone between support 4160-70 and resistance 4230-32. Above 4232 the advance wave could have the chance to sustain towards the 4272-77 zone. Below 4160 more of a drop towards 4100 could…
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The Dow managed to meet the target of 47550 last week and managed to break above it. As we see over the Intraday chart, prices face supports at 47370 and 47090, and if the market holds above one of those supports, the advance wave could…
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Oil passed above the first resistance of 59.00 as the market still faces downtrend resistance around 60.10. As we see over the chart and if prices hold below the said resistances, then another drop towards 57.60-80 could hit the market.…
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