Technical Analysis

FTSE(UK100) bounces off resistance The FTSE(UK100) dropped almost 100 points as doubts still creep around regarding a soft landing for the economy. A fall below the previous high of 8775 suggests that the directional bias has lowered. A…
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The Dow held below the first resistance of 43800 despite that market printing a few points above it yesterday. We still see more of a drop affecting the market toward the support zone at 42800-970. Above 43880 more advance could hit the…
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Gold dropped a few days ago and managed to hit the target of 2864-70 and broke below it. As we see over the Intraday chart, the market is facing resistances around 2867 and 2877. If prices remain below one of those resistances, more of a…
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Crude Oil met the target 68.35 and managed to hit a rebound as expected toward the first target of 70.15. As we see over the Intraday chart, market is facing resistance around 71.20 with support still at 68.35 where a trading zone could…
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USDJPY tested the 148.60 support few days ago and hit the target and resistance of 149.95 and closed from the second target today at 150.75. If the market holds above 148.60, a rebound correction toward 152.30-50 is still expected.…
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GBPUSD hit a high of 1.2715 a few day ago closing from target and resistance of 1.2725. As we see over the chart, the market could hold a trading zone toward the 1.2520 support as long as prices keep holding below the resistance 1.2725.…
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The Euro broke below the first support of 1.0450 added more of a drop before holding above the second support 1.0370 so far. As long as the market remains above 1.0370 the chance for the current advance wave to sustain toward 1.0515-35 and…
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GBPUSD (Pound) remains heightened The GBPUSD (Pound) looks to hang onto a three-month high as traders shrug off the latest announcements coming out of the White House. The UK currency has defied expectations after President Trump said…
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Dow(US 30) looks for reprieve The Dow(US 30) continues its choppy trajectory as the hesitant sentiment remains the same. The 900-point fall has been met with stiff selling pressure below the daily resistance of 43800. With a bearish…
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Dow managed to met target 43700 last week while managed to break below it As we see over the chart market facing resistances around 43800 and 44200-50 where one of those resistances may keep the downtrend pressure over the Dow for…
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