Technical Analysis

The Dow managed to break below the support of 42140 two days ago and managed to drop towards the target of 41600-700. Prices today broke below the support of 41600 on the Trump announcement that 50% tariffs on Europe start from the 1st of…
Read More

Prices hit a high around 64.10 two days ago and fell lower to close again to the support zone of 59.50-90. As we see from the chart, the market faces resistance around 64.80, where as long as prices hold below it a chance for a correction…
Read More

Gold held above the support at 3275 while managing to advance towards 3350. As we see over the chart, the market faces resistance around 3365-70 which could push for a drop toward 3275-95. Above 3370 the market could have chance for an…
Read More

GBPUSD broke above the resistance of 1.3360 and hit the target of 1.3440. As we see over the chart, prices are facing support around 1.3315-30, where as long as the market remains above it, the advance wave could expand towards 1.3635.…
Read More

USDJPY managed to hit below the 143.00 level which could be a sign for a further drop. As we see over the Intraday chart, the market is facing the first resistance around 143.60. If prices remain below that level, the drop pressure could…
Read More

EURUSD looks for direction The euro continued its dominance over the American dollar (USD) after the pair bounced over 300 pips higher. As sentiment remains upbeat from the medium-term perspective, the recent move could be an opportunity…
Read More

The GER40 (DAX) tests resistance The GER40 (DAX) hit a fresh peak as euro stocks continued to outperform. A pop above 23500 and then the recent high above 24000 kept the index moving in the same direction. This confirms that the market…
Read More

The Dow managed to sustain  an advance to meet the target 42835 and above. As we see over the chart, the market is closing from the support zone 42140-200. If prices remain above it another advance could hit the market toward 42670 and…
Read More

Gold managed to break above the resistance of 3260 yesterday and hit 3290 to close from the second target of 3330-50. As we see over the Intraday chart, the market is facing reistance around 3350 and 3380 while support is at 3275. Below…
Read More