Technical Analysis

The Dow managed to meet the target of 42600-700 today. The index held above the support of 41850 and hit the targets 42435 and 42600-700. As we see over the chart, prices could head for another drop swing inside this trading zone as…
Read More

Gold found support yesterday around 3325-30 which could keep the advance wave going towards the 3415 resistance. The market could create a trading zone between support 3325-30 and resistance 3415. Above 3415 more advance will be…
Read More

Oil managed to hit high around 64.10 two weeks ago as prices tested the support zone of 59.50-90. As we see over the chart, prices face resistance around 64.80 and support around 59.50-90 which could keep the market inside this trading…
Read More

USDJPY managed to hit a low around 142.36 yesterday, closing to the support zone of 142.10 before rebounding. As we see over the Intraday chart, prices face a possible trading zone between support 143.30-45 and resistance 144.45, while…
Read More

As we see over the Intraday chart, GBPUSD still hold above the support trend of 1.3490 which is pushing prices higher with resistance at 1.3595. Above 1.3595 more advance toward 1.3735 will be expected. Below 1.3490 more of a drop…
Read More

The Euro tested the  resistance at 1.1440 in the last two trading days as the market still looks for further advance. As we see over the Intraday chart, market facing first support around 1.1355 where as long as market holding trades…
Read More

GER 40(the Dax) falls from peak GER 40(the Dax) reached a fresh peak in recent sessions before prices turned south towards 24000. The index looks to remain elevated after hitting a double bottom at 23800. 24300 is the next target,…
Read More

The silver (XAGUSD) hits another spike The silver (XAGUSD) spiked higher as global tensions increased. After being inside a bearish channel for the majority of last month, a break above 33.60 suggests the bulls are back in the game.…
Read More