Technical Analysis

The Dow managed to meet the target of 47600-700 last week to open with drop gap as the Oil surge threatens the whole U.S. economy. As we see from the chart, the market is facing a resistance zone around 46800-47000 where as long…
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Gold managed to hold below the resistance at 5227 and earlier today dropped towards the support zone at 4994-5025. As we see over the chart and as long as the market remains above the support of 4994-5025, another advance to…
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Crude Oil opened with a gap price higher after Israel’s attack on Iran Fuel tanks. The market witnessed a fast advance after the Iranian Revolutionary Guard threatened to target energy facilities if Israel continued targeting its…
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USDJPY hit the second target at 157.60. As we see over the chart, the market facing a grey zone at 158.00-159.45 which is considered as a resistance zone, which could maintain the risk for another drop wave towards 155.30-50 and…
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GBPUSD is still holding below the resistance trend around 1.3380-1.3435. As long as the market holds below it, the drop pressure could continue toward 1.3000. Above 1.3435 the market could gain more strength to move towards…
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The Euro fell below the support at 1.1530-60 which could cause the market to retreat further. As we see over the chart, prices are facing resistances  at 1.1560-80 and 1.1655 as the market could continue towards 1.1400 and…
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GBPUSD tests support The pound attempts to claw back losses as price action reverses sharply. The near-term outlook supports the dollar recovery theme after the pair bounced back towards 1.3300. The recent surge lower could continue if…
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EURUSD inflation worries increase The pair started the week with a gap lower as the dollar looks to regain a foothold. With last week’s NFP data seemingly pushing prices higher, that is now a distant memory as price action looks for its…
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The Dow met the second target at the 47600-700 support. Prices still show weaknesses over indicators as the resistance is at 48850-49065. As long as the market holds below this resistance, more of a drop will be expected…
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