Technical Analysis

Gold managed to hold below the resistance of 3365-70 and managed to drop further. Gold managed so far to hit low around 3302. As we see over the Intraday chart, the market is facing its first support zone around 3280-95 and…
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Oil hit a high around 64.10 and dropped to close in again to the support zone of 59.50-90. As we see over the chart, prices face resistance around 64.80 and support around 59.50-90 which could keep the market inside this…
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USDJPY managed to hold below 143.60 to hit a 142.10 low today closing to our target of 141.50-90. As we see from our previous chart, there is resistance around 143.60 where as long as the market holds below it, the drop…
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The Pound managed to hold above the support of 1.3315-30 and advanced toward 1.3593 yesterday. The market still faces resistance around 1.3635-45 with support at 1.3440-70 which could create a trading zone. Above 1.3645 more…
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The Euro held above 1.1265 and managed to advance toward 1.1418 yesterday, closing to the resistance of 1.1440. As we see from the Intraday chart, prices face a trading zone between the support 1.1350 and resistance 1.1440.…
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The GER 40(DAX)hitting key resistance The GER 40(DAX) continued to recover as President Trump's proposed EU tariffs didn't seem to worry investors too much. The price has come off the psychological tag of 23000, where a previous strong…
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USOIL (crude WTI) looking for direction USOIL (crude WTI) continues to slide as ongoing global tensions keep the pressure on prices. A drop into the oversold territory for the RSI saw a slight bounce towards 62.00. With the round…
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EURUSD clawing back losses The euro firms up as the Fed is expected to give more hints at what direction to take at this week’s FOMC meeting. With the Fed policy dominating trader sentiment for a while now, it’s now the turn of the…
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