Technical Analysis

Oil managed to break above the triangle formation resistance at 86.50 to add more advance towards the 91.00 zone as war escalates in the Middle East. As we see over the chart, the market faces supports at 87.00 and 85.00 where each support…
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Gold hit the target of 4450-72 to break above it. As we see from the chart, the market faces support at the 4440-60 zone, and if prices remain above it, the advance movement could sustain towards the second target at 4545-65. Below 4440…
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Intraday levels show possible support around 1.3475 which could support the market in the short-term. As we see from the chart, prices face supports at 1.3475 and 1.3400 where each support could lead to an advance toward 1.3675. Below…
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USDJPY resumed the drop to test the support at 155.00-20 yesterday. As we see over the chart, the support at 155.00-20 could lead to a rebound with resistance at 157.40. Below 155.00 more of a drop is likely with support at 152.15. Above…
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The Euro hit a correction towards the target and support of 1.1570. As we see from the chart and as long as the market holds above this support,  a rebound towards 1.1710 is likely. Below 1.1570 a further drop toward 1.1460-80 is…
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GBPUSD finds a bounce  Cable moved higher after finding support just below 1.3500. A break below that level previously put the bulls on the defensive. The pound looks for an uptrend as buyers re-enter the market. 1.3550 is the…
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USDJPY drops from peak The Yen (USDJPY) took a step back from its monthly rally as prices hit a firm rejection just above the 160.00 zone. A bearish RSI divergence shows a slowdown in buying momentum. Most buyers need more…
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The Dow remains from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 last week. As we see from the chart and as long as the market holds above 52640, the advance is likely to move…
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USDJPY managed to resume the advance to close from the resistance at 160.85. If prices remain below this resistance, a drop towards 159.10 and 158.00 is likely. Above 160.85 more advance is expected as traders need to have some…
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Oil managed to break above the triangle formation resistance at 86.50 to add more advance towards the 91.00 zone as war escalates in the Middle East. As we see over the chart, the market faces supports at 87.00 and 85.00 where…
Read More