Technical Analysis

The Dax (GER40) cruising higher The Dax (GER40) continues the climb with upbeat trade deals that have boosted global indices. A tentative break below 23000 caused some profit-taking but was not enough to spook most buyers. A follow-up…
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Dow(US30) continues uptrend The Dow(US30) remains bullish, with tech-heavy stocks rejoicing over the recent US trade deal. The index has found solid buying interest, and a quick bounce above 42000 has forced short-term sellers to…
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NAS100(Nasdaq) begins to rebound The NAS100(Nasdaq) continues its long-term recovery as prices firmly move away from the 16500 floor from last month's sell-off. The near-term outlook remains upbeat after the price cleared the 20000…
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The Dow broke above 41800 while managing to close into the second target of 42500. As we see over the Intraday chart, the market is facing resistance around 42560, which could push for a drop toward 42000 and 41600. Above 42560 more…
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Gold met the target of 3260-70, broke below it and closed in from second target 3200. As we see over the chart, the market is facing intraday support around 3193-3202 which could push for a rebound correction toward 3235 and 3260-70.…
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Crude Oil hit 61.50 and broke above it last Friday. Price action now faces the first Intraday support around 61.50. if prices remain above it the advance wave could sustain toward the second target and resistance of 64.80. Below 61.50…
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USDJPY hit 146.85 and also today broke higher to meet the target of 148.25. As we see over the chart, prices face the first support around 147.50 while the second support is at 145.70. As long as the market holds trades above one of…
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GBPUSD broke below the support of 1.3200 today and could add more pressure towards 1.3030. As we see over the chart, the market is facing resistance around 1.3220-60, where as long as the market holds below it, the downtrend pressure…
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