Technical Analysis

( Gold )XAUUSD looking for another record As ( Gold )XAUUSD breaks another monthly record, the main concern is whether a deep correction is around the corner. Last week’s US data saw a shift in the dynamic, and there could be another…
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The Dow managed to test the resistance zone of 46450-700 yesterday and today. If the resistance zone of 46450-700 holds, then the downtrend pressure will return for another drop as we see over the chart. Above 46700 this could…
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Gold managed to meet the target at 3895 and hit a fast drop toward 3819 yesterday. As as we see over the chart, the market still faces a support trend around 3800-15, which if managed to hold, another advance wave toward 3930-50…
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Crude Oil fell below the support of 61.25 as expected while targeting towards 59.50. Intraday resistance is at 62.70 where as long as the market holds below, it the drop movement could sustain. Above 62.70 more rebound will be…
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USDJPY moved back again to close from the support trend which is now around 146.10-40. If prices hold above this range, another rebound towards 149.95 and above will be expected. Below 145.45 this could add more pressure over the…
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GBPUSD managed to hold  below the resistance of 1.3535 and managed to drop towards 1.3400-10  which triggered a rebound. The market still holds this trading zone whilst above 1.3535 more advance will be expected with resistances…
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The Euro managed to hit below the 1.1705 support putting the market back under pressure. As we see over the chart the market is facing Intraday resistance around 1.1765, where as long as prices hold below, more of a drop will be…
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(NAS 100)Nasdaq clears new record The (NAS 100)Nasdaq soared as tech stocks and healthcare stocks jumped higher. On the chart, the break above 24700 suggests that the index might be on course for another record. A pop above the tip of…
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The Dow managed to test the resistance zone of 46450-700 yesterday. If the resistance zone of 46450-700 holds, then the downtrend pressure will return for another drop as we see over the chart. Above 46700 this could give the market…
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