Technical Analysis

(US30) DAX fails to recapture recent high The (US30) DAX steadies as traders await more news of a jump in tech stocks. A close above the daily resistance of 44600 would help bulls regain control of the direction. A confirmation past…
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Prices hit below 44330 yesterday which could put some pressure over the market. As we see over the Intraday chart, prices face resistance around 44500-50, where as long as the market holds below it, the pressure could sustain toward…
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Gold managed to hold above the support of 3295 and advanced toward 3345. As we see over the Intraday chart, the market is now facing support around 3311, which if prices remains above, another advance will be expected towards the 3370-75…
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Crude Oil managed to hit a  fast correction and as result of easing tensions in the Middle East. As we see over the chart, and as long as the market holds above 63.70, a chance for a rebound toward 68.00 is likely. The market managed…
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USDJPY managed to hit the target of 145.70-90 and move higher. As we see over the Intraday chart, the market is facing the first support around 145.70 with resistance at 147.50-70. If prices hold above 145.70, more advance is still…
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GBPUSD hit a drop towards 1.3560 while more of a drop still expected to 1.3400. As we see over the chart the market resistance is at 1.3785 with support at 1.3370 which could create a trading zone. Above 1.3785 more advance toward…
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The Euro met the second target of 1.1690 and above. As we see over chart, the market is still on an uptrend wave which is still looking for the third target at 1.2000. The market is still holding above the support of 1.1650-60.…
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The Dollar (USDJPY) hitting double top The dollar is seeing some light at the end of the tunnel as sentiment shifts again. A break at the recent double top at 145.10 would see a continuous bullish drive from the 200-pip push that has kept…
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As we see over the Intraday chart, the Dow is still holding above 44330 which means there is a chance for further advance toward 45100. Below 44330 more of a drop could  hit the market with support at 43670. SUPPORT RESISTANCE…
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