Technical Analysis

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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Gold held above the support of 3850 and added more advance yesterday, just above the resistance of 3890 before pulling back. As we see over the Intraday chart and despite the bearish signals, if prices remain above 3850, the advance…
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Crude Oil managed yesterday to re-test the old support of 61.25. The market still faces pressure signals which could push for a break below 61.25. Intraday resistance is at 62.70 where as long as the market holds below it, the drop…
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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 pair…
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GBPUSD passed above 1.3465 yesterday which placed mixed signals over the pair. As we see from the chart, the market is facing Intraday resistance around 1.3535, and support around 1.3410 which could keep the Pound in this trading zone…
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The Euro still holds above the support of 1.1705 and managed to pass above the resistance of 1.1750 yesterday. As long as prices remain above 1.1705, more advance will be expected with resistances around 1.1820-50 and 1.1920. Below…
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( USOIL ) WTI testing triple bottom ( USOIL ) WTI prices plummeted further, with prices seeking the latest support. A subsequent drop below 66.00 invalidated the late September recovery, forcing early buyers to abandon ship. A new…
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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…
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Gold hit a fast correction yesterday as prices managed to hold trades above the support of 3791. As long as the market holds above 3791, the advance wave can continue. However, a chance for a trading zone between support…
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