Technical Analysis

The yen gave back some of its recent advance that was triggered by US and Japanese intervention. As we see over the chart, we may see wide range of trading first between 155.00 and resistance 158.05 while market demanding farther rebound…
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We still holding our previous projection for the GBPUSD As we see over the Daily chart a possible triangle formation may hold market inside 1.3140-80 support and 1.3505-55 resistance Below 1.3140 more drops is likely …
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Euro took advantage on the Intervention on the Yen where managed to test the downtrend line as we see over the chart which in return pushed for some drop correction A trading zone between 1.1435 and 1.1560 may hold the market until one…
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US 500 (S&P 500) keeps on giving The US 500 (S&P 500) pushes even higher as stocks continue to rise, with oil prices pressured. A close above 7550 supported the bullish trajectory, with no signs of exhaustion. A…
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GBPUSD looking to continue the rally Cable remains upbeat after jumping over 200 pips at the backend of last week. Interest rate decisions from the Bank of England and the Fed propelled the pair higher. This week’s ISM and…
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USDJPY looking for another low The dollar stopped short of turning things around after last week’s intervention by Japan’s Ministry of Finance. The pair heads towards 157.00 as traders look for a confirmation break at this level.…
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GER40 (the dax) remains choppy GER40 (the dax) looks to get back on track after finding some firm support. A fall below 25500 from a lengthy consolidation is a sign of selling pressure by short-term bulls. The RSI is attempting…
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USDJPY(Yen) pushes lower The USDJPY(Yen) gained some momentum against the dollar as the pair hit a heavy rejection. Prices were hitting double tops, but a bearish divergence suggested a deceleration in the upward momentum.…
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EURGBP (Sterling) tests critical top EURGBP (Sterling) was left licking its wounds after the Euro found another higher high on its way to another peak. The rally continued after a break above 0.8550 forced sellers to bail out.…
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UK 100 (FTSE) extending the streak The UK 100 (FTSE) was boosted with early rumours that ceasefire talks are ongoing to bring a close to the Middle East conflict. A bounce above the first resistance of 10820 prompted sellers to…
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