Technical Analysis

Gold broke below the support of 3960 which could push for another drop. As we see over the Intraday chart, the market is facing resistance around 3985-90, where as long as the market holds below it, more of a drop towards 3900-05 will be…
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USDJPY today tested the support trend around 152.90 which could create a trading zone towards the resistance of 154.30-50. Above 154.50 we will expect a further advance towards 156.70. Below 152.90 more of a drop is likely…
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Crude dropped from the resistance of 62.60 and managed to break below the support of 60.00. As we see from the previous chart, prices face support around 58.50, which could lead to a rebound to re-test the 62.60 resistance. Below…
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GBPUSD moved below the support of 1.3140, which could lead for a downtrend break towards 1.2850. As we see over the chart, the market is facing a resistance zone at 1.3240-90, where as long as the market holds below it, the downtrend…
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The Euro managed to break below the support of 1.1545 which could lead to another drop. As we see over the chart, the market faces resistance around 1.5850, and if prices remain below it, the downtrend pressure could sustain…
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USDCHF retreats from monthly high The US dollar pulled slightly lower after closing the October rally, which saw over 200 pips added to the pair. The price soared to a monthly high at 0.8100, suggesting that a bearish reversal could be…
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AUDUSD clawing back losses The Australian dollar looked to halt the sell-off as prices found some support. The pair has remained under pressure after it fell below the 0.6600 level. Two attempts to turn things around have failed as the…
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As we see over our previous chart, the Dow faces the chance for a correction, as long as the market remains below 48000 as the support of 47000 could keep the advance wave ongoing. Prices managed to test the first support last week…
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