Technical Analysis

GBPUSD hits resistance The pound remained upbeat after its bullish rally stalled. After jumping over 150 pips in recent sessions, prices entered a consolidation phase. As the pair floats around the 1.3400 level, the RSI’s double dip into…
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The Dow managed to hit the target of 45700 to drop towards the support of 45135. As we see over the chart, the downtrend pressure is still affecting the market as long as the Dow holds below the resistance of 46900, as the trading zone…
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Crude Oil hit the target of 101.50 before prices dropped rapidly as Trump promoted more lies about an imminent agreement with Iran. ِAs we see over the chart, the market is facing a resistance zone at 91.50-92.50 which could maintain the…
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Gold added more of a drop this week while managing to test the downtrend channel support around 4100. As we see over the chart, the market is facing a trading zone between resistance 4535 and support 4100. Below 4100, more of a drop could…
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The pair hit a correction towards the target and support of 157.25-65 last week. The market is still holding a trading zone with resistances around 160.20 and 161.95 where each resistance could push for drop a toward the 157.25-65 zone.…
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The market managed to rebound after printing a low of 1.3217 two weeks ago. As we see from the previous chart, prices managed to meet the target of 1.3460-80 which could lead to a correction. Above 1.3485 more advance will be expected…
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THE Euro managed to hold trades inside a trading zone as expected last week. Prices still face pressure towards the 1.1200 zone with resistances at 1.1655. Below 1.1400 more of a drop toward 1.1200 will be expected. Above 1.1655 more…
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AUDUSD bouncing back The Australian dollar continues its fightback as the greenback loses momentum. A bounce at the daily support of 0.6960 has put the Aussie back on the front foot. As prices head for the next swing high at 0.7130, the…
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EURUSD getting back on track The pair flirts with the 1.1600 area as investors digest last week’s inflation data. With the Fed and the ECB holding their rates, all eyes will now turn to inflation data as global economies assess the…
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