Technical Analysis

Gold managed to print a few dollars below the support of 3335 yesterday after the US CPI data release, before prices held together and rebounded toward 3366 so far. As we see over the Intraday chart, the market is still holding a chance…
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The Dow managed to break above the 44500 resistance while closing in from the target and second resistance  of 44700-50. As we see over the chart the market could face a trading zone between 44300 and 44700-50. Above 44750 a chance for a…
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Intraday chart shows continued support for the USDJPY pair which could maintain the advance wave toward 149.15 and 150.45. As we see over the chart, the market is facing the first support around 147.00, where as long as the market holds…
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Crude Oil managed to break below the 63.70 level which could push for a further drop. As we see over the chart, prices face resistance around 64.40 where as long as the market holds below it, more of a drop toward 59.50 could hit the…
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GBPUSD managed to sustain  an advance to close to the target and resistance at 1.3585. As we see over the chart, prices face intraday resistance around 1.3585 which could cause a correction with supports at 1.3485 and 1.3390.…
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The Euro managed to hit the target of 1.1720 today. As we see from the Intraday chart, the market is facing resistance around 1.1790-1.1810 with support still at 1.1595-1.1610 which could create a trading zone. Above 1.1830 more advance…
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(Dax)GER 40 looks for recovery The (Dax)GER 40 continues its choppy nature after rising once again from the lower 23000 area. Prices continue to capitalise on its break above the psychological level of 24000. As the RSI drops back into…
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(UK 100)FTSE remains choppy The (UK 100)FTSE fails to find direction as the chart shows a series of familiar trends. A slip below the previous swing high of 9180 has put the bulls on the defensive, giving back most of the gains. The…
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