Technical Analysis

The Dow managed to add more advance after the weekend price gap to closing towards a potential Rising Wedge formation that can create a correction scenario. Above 52200 a chance for further advance toward 53000 is likely.…
Read More

Gold managed to meet our targets last week around the 4220-60 zone as prices opened with a gap today, leading to close from the second target and resistance zone of 4350-80. As we see over the chart, If prices fail to break…
Read More

Oil resumed the drop as Iran /and the U.S agreed in principle to a deal. The market is still facing a support zone around the 76.00-79.00 zone which could keep the chance for a rebound towards the 84.60-85.60 zone. Below 76.00, the…
Read More

Our previous outlook for USDJPY still stands, as the pair continues to test the 160.20–160.60 resistance zone. Traders are closely watching this area, as the last time the market reached it, the Bank of Japan warned about possible…
Read More

Our previous outlook for GBPUSD still stands, as the pair has held above the 1.3280 support level. GBPUSD managed to hold above 1.3280 and has rebounded toward 1.3500 so far. As shown on the chart, the market is supported by a daily…
Read More

EURUSD managed to rebound further as the market was relieved by Iran/US deal. Prices are still facing the resistance zone of 1.1650-90 which is a tricky zone that can push for a drop. Above 1.1690 more advance toward 1.1850…
Read More

USDCAD testing fresh resistance The American dollar extends the rally as the pair attempts to break above 1.4000. Price action has moved another 30 pips higher after weeks of upward dominance. A bullish continuation would be a…
Read More

Markets are convinced that the RBA will keep rates unchanged at the end of its policy meeting on Tuesday. This follows three back-to-back rate hikes, and will give the central bank time to assess the impact of recent monetary policy…
Read More

Intraday analysis covering USDJPY, XAGUSD hits another low, and SPX 500, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. USDJPY hits another higher high The dollar…
Read More

Dow managed to hit below support 50000 which may lead latter for another drop swing Intraday chart showing chance for rebound correction toward 51200 as long as market keep holding trades above 49680 support Below 49680 more drop will…
Read More