Technical Analysis

Gold met the targets of 3435 and resistance 3452 last week and managed early today to break above it in a strong rally. As we see over the Intraday chart, Gold facing first the supports around 3469 and 3453-55, where one of…
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Crude Oil prices are still holding inside a triangle formation which is setting support around 62.50 and resistance around 65.00. Above 65.00 more advance toward 69.00 will be expected. Below 62.50 more of a drop toward the…
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USDJPY managed to hold above the support trend of 146.50-70 which was tested several times with a rebound towards the 148.10 resistance. Below 146.50 more of a drop to re-test the old support at 145.70 which in turn could…
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GBPUSD hit the target and support of 1.3360-90 and managed to rebound towards 1.3545 so far. As we see over the chart, if prices remain above 1.3360-90 a rebound towards 1.3585 and higher will be expected. Above 1.3605 the…
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The Euro closed to the target zone at 1.1720-40 this morning, which could push for a drop as we see over the chart. A trading zone inside this triangle formation could control the market. Above 1.1740 more advance will be…
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(S&P 500)SPX keeps the momentum The (S&P 500)SPX advances as the index notches another record. The rally accelerated after breaking above the previous gap at 6400, and a rising trend line with a steep angle indicates robust…
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The Dow is still holding the advance wave as we see over the chart setting the first support around 45100-50. As long as the market remains above 45100-50, the advance wave could sustain towards the target of 46000 and above. Below 45100…
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Gold managed to sustain an advance towards 3408 and above to close from the resistance of 3425 yesterday. As we see over the Intraday chart, the market is facing support around 3397-405 which could keep the chance for another advance to…
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As we see over the Intraday chart, Crude seems to be holding inside a triangle formation which sets the support around 62.50 and resistance around 65.00. A trading zone inside this triangle could hold the market. Above 65.00 more advance…
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USDJPY held above the support trend of 146.50-70 which managed to push prices higher again towards 148.10, while more advance is still expected towards 149.15. Below 146.50, more of a drop to re-test the old support of 145.70 is likely,…
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