Technical Analysis

EURUSD breaks lower The euro tumbled as the dollar gained some ground over its competitors. After a short-lived grind over 1.1700, a bearish breakout has seriously dented the bullish bias from the daily chart’s perspective. The next…
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Dow moved above 46700 as the market is still facing the 47000-100 resistance zone. Prices face a chance for a trading zone between support 46200-400 and resistance 47000-100. As long as the market holds above the support zone of…
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Gold managed to break above the resistance of 4280 yesterday and added more advance toward targets 4320 and 4370-80. As we see from the Intraday chart, prices tested the resistance of 4370-80 several times, while as long as the market…
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Last Friday, USDJPY print below the support at 149.75, which could lead a further drop. As we see over the Intraday chart, the market is facing resistance at 151.40-70, where as long as prices hold below it, the downward pressure could…
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Crude fell below the support of 57.60, which could lead for a drop towards 55.00-30. As we see over the Intraday chart, prices face a downtrend channel with resistance at 57.60, while support at 55.00-30 could create a trading zone.…
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GBPUSD managed to print above the resistance of 1.3320-60 last Friday, which placed mix signals over the upcoming projection. As we see over the Intraday chart, the market looks towards a trading zone between support 1.3320 and…
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EURUSD is closing into the support zone at 1.1610-30 today. As we see over the Intraday chart, prices still face a support zone at 1.1610-30. If prices remain above this zone, another advance toward 1.1775-85 will be expected. Below…
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AUDUSD waiting for direction The Australian dollar remains indecisive as its choppy consolidation phase continues. The pair has found a steady ground above 0.6450 as price action broke the previous resistance. The psychological level of…
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