Technical Analysis

USDJPY managed to hit a target of 143.05 and above. As we see over the Intraday chart, the market is facing resistance around 144.20, where as long as the market holds below it, a drop toward 141.50 and below will be expected. Above…
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GBPUSD held below the resistance of 1.3435 and dropped toward 1.3233 so far. As we see over our previous chart, the support zone is around 1.3200-20 and a rebound toward 1.3335 and 1.3435 could hit the market. Below 1.3200 more of a…
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The Euro fell below the support of 1.1425 and managed so far to hit a low around 1.1310. As we see on the chart, the market is facing support around 1.1245-90 which is still considered as the target. If prices can hold above 1.1245-90…
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US30 (Dow Jones) breaks higher US30 (Dow Jones) is looking to recoup its recent losses with a climb back above 40000. The index is in a wait-and-see mode, with traders reluctant to take excessive risks ahead of further announcements by…
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GBPJPY(pound) stuck sideways The GBPJPY(pound) failed to revive itself after the early April sell-off when the pair lost over 500 pips. Prices are probing the 190.00 level in the hope that they can shake off the prolonged sideways…
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The Dow hit a low of 37827 yesterday which was around 300 pips from the target. As we see over the chart, the Dow could have a chance for a rebound correction with resistances at 38800-900 and 39200-300 which could keep the drop pressure…
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Gold met the price of 3440 and closed towards the second target of 3500. As we see over the chart, Gold faces a chance for a correction wave as long as the market holds below the resistance of 3500-10, where the support trend is around…
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Crude Oil is facing resistance around 63.60-65.10 which the market managed to test again last Friday before hitting a drop toward 61.75 yesterday. As long as the resistance zone of 63.60-65.10 holds, then the market could move back toward…
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