Technical Analysis

GBPUSD seems building a downtrend channel where market support is around 1.3370 and resistance at 1.3500. As we see over the chart, the market could hold this trading channel. Below 1.3370 more of a drop toward 1.3280 is likely. Above…
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XAUUSD clawing back losses XAUUSD continues to grind higher, with a slight pullback caused by the recent interest rate hike. A break above the daily resistance of 4300 indicates that XAUUSD sentiment remains bullish. The…
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The Dow managed to break below a short-term uptrend which could lead to a further drop. As we see over the chart, the market is facing resistances at 52700-800 and 53340, where as long as prices hold below one of those levels, more of a…
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Gold managed to hit a rebound toward 4341 to close from the target and resistance zone of 4350-70. As we see over the chart, the market still holds inside a Falling Wedge formation with support at 4250-60 and resistance at 4350-70.…
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The Euro fell below the support of 1.1570 which added pressure for a further drop toward 1.1460-80, which in turn could activate a rebound. Below 1.1460, more of a drop is likely with supports on chart could push for an Intraday…
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Crude Oil is still holding the advance wave while Intraday levels detect a Flag formation that could send prices higher, as we see from the chart. Intraday support is at 99.90 and 95.90, where as long as the market holds above…
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USDJPY managed to pass above the resistance at 155.20 which could lead to another move higher. As we see from the chart, the market is facing a support zone around 153.90-154.40, where as long as the market holds above it, a…
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GBPUSD managed to test the support at 1.3475 and as we see from the chart, the uptrend channel support zone remains around 1.3400, which could lead to another advance towards 1.3565 and 1.3675. Below 1.3400 more pressure could push for…
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SPX 500 sliding lower The S&P (SPX 500) confirmed its bearish stance after failing to make a dent in the higher prices. 7640 is the hurdle to break and a key level to see if bulls progress as the RSI pushes into neutral…
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Dow managed to break below Short-Run uptrend line which may push for farther drops ahead As we see over the chart, market facing resistances at 52700-800 and 53340 where as long as market holding trades below one of those levels more…
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