Technical Analysis

USDCHF driving lower The US dollar pulls lower as the Swiss franc looks to regain its footing. A close below 0.8100 was an indication of a persistently downbeat mood as sellers doubled down. The next possible move past the psychological…
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As we see over the previous chart, the market managed to test the support zone at 46400-650 last Friday, which led to a rebound toward 47180 so far. As long as the market remains above the support zone at 46400-650, the advance wave…
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Gold managed early today to hit the 4045 target. As we see over the Intraday chart, the market is still testing a trend resistance zone around 4045-60. If prices hold below the said resistance, a drop towards 3990-95 is likely which…
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Oil dropped from the resistance of 62.60 and managed to print a low around 58.77 last week. As we see from the previous chart, prices face support around 58.50, which could lead to a rebound to re-test the 62.60 resistance. Below…
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The market managed to test the support trend around 152.90, as prices maintain a trading zone  towards the resistance of 154.30-50. Above 154.50 we will expect a further advance towards 156.70. Below 152.90 more of a drop is likely…
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GBPUSD moved below the support of 1.3140, which could lead for a downtrend break towards 1.2850. As we see over the chart, the market is facing a resistance zone at 1.3240-90, where if the market holds below it, the downtrend pressure…
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As we see over the previous chart, the EURUSD pair is facing resistance around 1.1585. If prices remain below, the downtrend pressure could sustain as support at 1.1390 could lead to a chance for a rebound. Prices managed last Friday to…
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USDJPY looks for support The yen continues to fight back after weeks of dominance from the greenback. Traders have been on their toes as the pair slowly attempts its way back to the psychological 150.00 level. A rejection at the recent…
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AUDUSD looking to bounce back China's GDP forecasts could prove vital to the direction of the Aussie as we see out the remaining few weeks of the year. Projections for higher growth could heighten demand for the currency and lead to a…
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