Technical Analysis

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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On the Intraday chart, Gold is facing resistance around 5180, which could maintain the pressure over market with support still around 4994. Above 5180 the market could start to gain some strength as the second resistance is…
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Crude Oil hit the targets 77.45 and 79.40. As we see from the chart, and despite the market is trading inside the overbought zone, the Intraday levels show the first support at 77.30. If prices remain above this level, the…
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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…
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The pound fell below 1.3380 and added more of a drop towards the target 1.3285. As we see over the chart, the market is now facing a resistance zone at 1.3380-99, where as long as prices hold below it, the drop pressure could…
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