Technical Analysis

From the past two weeks GBPUSD managed to maintain a trading zone between support 1.3360-90 and resistance 1.3545-90. As we see over the chart, if prices remain above 1.3360-90 a rebound towards 1.3585 and higher will be expected. Above…
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The Euro dropped from the resistance zone of 1.1720-40 as the market closed from the support trend at 1.1575-95. As we see over the chart the Euro is still holding this trading zone in a triangle formation. Below 1.1575 more of a drop…
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( FTSE ) UK100 hitting lower lows The ( FTSE ) UK100 looks for a lift as price action hits another lower low. After flirting with multi-month highs above 9300, a fall below the daily support of 9250 confirms that bears have made their…
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The Dow managed to hold above the support zone at 45100-50 to push for another advance towards the first resistance zone at 45750. As long as the market keeps holding above 45100-50, the advance wave could sustain towards 46000…
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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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