Technical Analysis

UKOIL(Brent crude) sinking lower UKOIL(Brent crude) resumed the downward trend as prices continued to be weighed down by pressure from OPEC and global trade concerns. Producers agreed to boost output well above the expected amount.…
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USDCAD collapses lower The greenback(USD) slipped further into the red as the market sell-off continued. Overall sentiment remains downbeat as whispers of a recession in America could become a reality. A break below 1.4000 will catch…
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The Kiwi (NZDUSD) drops at double top Much like the Aussie, the Kiwi (NZDUSD)i has seen gains confirmed with 60 pip move higher. A close above the recent consolidation zone, around 0.5740, has forced sellers to cover their positions,…
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S&P (SPX500) bounces back The S&P (SPX500) jumped higher as buyers looked to stop the sell-off in the index market. With stocks having their worst quarter in years due to the tariff chaos, a move above 5500 has lifted sentiment.…
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DAX(GER40) hits another low The DAX(GER40) topped another downward turn as the index ran into negative territory following potential tariffs from the US. With a bearish divergence underway, prices saw a slight dip away from 22500.…
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S&P 500 index  turns lower The S&P 500 index  fell as traders worried that the recent tariffs could sink stock prices. The index is at a crossroads on the chart as prices hit the 5700 area again. A failure to lift bids to 5800…
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XAU/USD looking for another record As the dollar looks for its next direction, the announcement of US auto tariffs heightened concerns over this week’s reciprocal measures. Gold traders could be fearing the worst if more buyers enter the…
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Gold managed to break above resistance 3033-38 where managed to advance toward targets 3055-57 and 3080-85 As we see over the chart resistance zone of 3085 may push for drop correction wave Market will face support around 3057-59…
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As we see over the Intraday chart, dow facing support zone around 41840-42040 which may keep the rebound wave ongoing toward target 43000-200 Below 41840 the downtrend pressure may back to control the market where supports laying at…
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As we advised early this week and as we see over our previous chart Crude Oil managed to break above resistance 68.50 which may lead for farther advance as we advised last week First support laying at 69.00 while market managed to hit…
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