Technical Analysis

( GER 40 ) Dax picks up the pace The ( GER 40 ) Dax maintained its competitive stance as prices moved away from the recent floor. The index is attempting to pass the 24000 level but could see a slight pullback with an overbought RSI,…
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Gold sustained the global rally on China demand to hit the target of 3780 today. As we see over the Intraday chart, a question overshadows the market whether Gold has the momentum to resume an advance towards 3820, or if the…
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The Dow seems to be building a rising wedge formation, which if managed to control market, a correction is likely. Intraday charts show the chance for a trading zone between support 46000-100 and resistance 46450-500. Above…
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Crude Oil hit around 61.60 yesterday at the support of the current trading triangle formation as we see from the chart. The current trading zone is now between support 61.50-70 and resistance 64.00-20. Below 61.50 more of a drop…
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USDJPY managed last Wednesday to test the support of 145.70 and moved lower in a volatile move over the Fed rate cut. The market managed to rebound quickly above 145.70 to drive the market for more rebound. As we see over the…
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GBPUSD dropped below 1.3575 and managed to test the support trend around 1.3450-80. As we see over the chart, the uptrend line support is around 1.3420-50, where as long as the market holds above it, the advance wave could move…
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The Euro managed to add more of a drop below 1.1770 as the market still holds above the second support of 1.1700, which is still showing a chance for further advance towards the 1.2000 zone. As we see over the chart, as long as…
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( Gold ) XAUUSD tests critical target ( Gold ) XAUUSD continues its bullish stance as prices lifted another fresh high above 3700. On the chart, the direction is slightly skewed as the precious metal looks to maintain the bull run. The…
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The Dow seems to be building a rising wedge formation, which if managed to control market, a correction is likely. Intraday charts show the chance for a trading zone between support 46000-100 and resistance 46450-500. Above…
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