Technical Analysis

EURUSD falls from peak The euro drifted lower as a dramatic price swing added over 200 pips to the dollar. The pair is holding onto the 1.1850 level, which is now critical support. The downbeat mood could continue to attract selling…
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As we see over the chart, the Dow is still facing several supports while Indicators showing weakness over the market. However, the uptrend channel support zone at 47780-48100, could lead to a rebound. Below 47780 more of a…
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Gold corrected last Friday as the market remained pressured. As we see from the chart, the market is closing towards the support trend around 4535, which could give the chance for a rebound toward 4785, 4885 and 4940. Below 4535…
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The market opened with a downward gap as the U.S. stopped the attack on Iran for now. As the tension between U.S. and Iran could return, the Oil market could face some volatility. As we see from the chart, prices could hold this…
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Cable held above the 1.3560-1.3610 support to meet the first target of 1.3788 as more advance towards the second target 1.4000 is still expected. Below 1.3560 more of a drop will be expected with supports at 1.3400 and 1.3340. …
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Prices managed to fall below the support of 153.50-60 which could push for a further drop to test the 150.70-90 support trend which could lead to a rebound. The uptrend wave is still ongoing towards 160.20, as long as the…
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The Euro fell below the first support of 1.1910 and managed to head for a further drop. As we see from the chart, the second support is still at 1.1800 which holds the chance for the advance wave to bounce back as the resistance is at…
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(GBPUSD) pound tests resistance The (GBPUSD) pound edged lower after the dollar attempted to claw back recent losses. The pair has managed to hold onto recent gains after breaking above the daily resistance at 1.3680. A rejection at…
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( UKOIL ) Oil rallies on geo-political risks ( UKOIL ) Oil prices remained bullish as geo-political tensions continued to grow. Iran’s stance on a potential conflict with Donald Trump sent oil prices across the board higher. After…
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