Technical Analysis

Gold managed to resume a drop at the market open today to test support zone of 3295-3305. As we see over the chart and as long as the market holds above 3295, another advance toward 3380 will be expected. Below 3280 more of a drop…
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Crude Oil managed to hit a  fast correction and as result of easing tensions in the Middle East. As we see over the chart, and as long as the market holds above 63.70, a chance for a rebound toward 68.00 is likely. The market managed…
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USDJPY managed to rebound above 143.40-90 and printed a 145.22 high last week while target is still toward 145.70-90. Intraday levels show supports around 143.65 and 142.65 with resistance at 145.70-90. Below 142.65 more of a drop…
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GBPUSD hit a drop towards 1.3560 while more of a drop still expected to 1.3400. As we see over the chart the market resistance is at 1.3785 with support at 1.3370 which could create a trading zone. Above 1.3785 more advance toward…
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The Euro met the second target of 1.1690 and above. As we see over chart, the market is still on an uptrend wave which is still looking for the third target at 1.2000. The market is still holding above the support of 1.1650-60.…
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(NAS 100) hits another high The Nasdaq (NAS 100) closed at another record as investors see a path to clarity for the Fed. On the chart, the price is reaching 23000 as bullish momentum continues to attract buyers. However, a bearish RSI…
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SPX (S&P 500) extending gains The (S&P 500) extended gains after a progressive job report from the NFP and a decent unemployment reading. The US economy defied expectations after exceeding forecasts as America woke up from its…
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(US30) hits another peak The Dow (US30) remained bullish as price action hit another higher high. Since a confirmation break past 44,000, a slight increase in value followed by stiff consolidation has led to a top at 44,600. A move past…
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(USOIL) WTI going nowhere (USOIL) WTI remains stuck and is going nowhere since the previous sell-off. Only a twist in the Middle Eastern tensions would cause a spike in prices, but for now, no news means no movement. Prices remain in…
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