Technical Analysis

(S&P 500)SPX keeps the momentum The (S&P 500)SPX advances as the index notches another record. The rally accelerated after breaking above the previous gap at 6400, and a rising trend line with a steep angle indicates robust…
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The Dow is still holding the advance wave as we see over the chart setting the first support around 45100-50. As long as the market remains above 45100-50, the advance wave could sustain towards the target of 46000 and above. Below 45100…
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Gold managed to sustain an advance towards 3408 and above to close from the resistance of 3425 yesterday. As we see over the Intraday chart, the market is facing support around 3397-405 which could keep the chance for another advance to…
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As we see over the Intraday chart, Crude seems to be holding inside a triangle formation which sets the support around 62.50 and resistance around 65.00. A trading zone inside this triangle could hold the market. Above 65.00 more advance…
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USDJPY held above the support trend of 146.50-70 which managed to push prices higher again towards 148.10, while more advance is still expected towards 149.15. Below 146.50, more of a drop to re-test the old support of 145.70 is likely,…
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GBPUSD hit the target and support of 1.3360-90 and managed to hit a rebound towards 1.3545 last Friday. As we see over the Intraday chart, if prices remain above the support at 1.3360-90, a rebound towards 1.3585 and above will be…
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The Euro managed to hold above the support of 1.1550-90 to hit a rebound towards 1.1697 so far. A trading zone inside this triangle formation could control the market. Below 1.1515 more of a drop will be expected with support around…
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(New Zealand dollar) NZDUSD finds support The (New Zealand dollar) NZDUSD shared the same rhetoric as the Aussie, with a jump higher to break the recent consolidation. A break above the key area of 0.5900 would suggest a strong bullish…
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(Gold)XAUUSD testing $3400 (Gold)XAUUSD remains bullish as an uptick in sentiment has led buyers to persist in pushing the yellow metal higher. A bounce above 3350 has prompted some sellers to cover, easing the downward pressure after…
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The Dow managed to met the targets of 45100 and 45500 last Friday. As we see over the Intraday chart, prices face a base support at 44570-670, where as long as the market holds trades above the said support, another advance…
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