Technical Analysis

(USOIL)WTI takes a breather (USOIL)WTI looks to shake off the recent pullback after dipping below 70.00. A close above the previous swing high of 70.50 could open the door to a broader recovery in the medium-term by forcing sellers to…
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(US 30) Dow tests daily support The (US 30) Dow holds steady as the market digests the recent Fed announcement. The recent spikes in price action suggest the index is testing the previous swing low at 44600, a significant level to keep…
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The Dow managed to hit the target of 44600. The market faces support around 44400-50 which could push for another rebound toward 44900-50. Below 44400 more of a drop will be expected with supports around 44200 and 43870. …
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Gold managed to meet the target of 3331-38 while breaking below it to hit the second target of 3310. As we see over the chart the market is facing resistance around 3335-45, where as long as prices hold below it, more of a drop will be…
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USDJPY managed to hold above the support of 145.70 which pushed for a rebound towards 147.20-90. As we see over the chart prices face support around 147.50 which could keep the advance wave ongoing toward 149.20 and 152.00. Below 147.50…
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GBPUSD managed to hit below 1.3370 two days ago which could push the market for a further drop. As we see over the chart prices are facing resistance around 1.3410-50. If the market holds below it, more of a drop toward 1.3250 and below is…
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The Euro moved below the 1.1550 support which could push for a further drop to test 1.1400-50 which in turn could activate another advance. Intraday resistance level is at 1.1600. Above 1.1600 more advance toward 1.1750 is…
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Crude Oil managed to break above 68.50 as prices remain inside the uptrend wave. As we see over the chart the market is facing support around 67.50-70 where as long as the market holds trades above it, the advance wave could sustain…
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