Technical Analysis

Oil prices rallied after an attack on tankers in Iraqi waters highlighted the threat to energy infrastructure and stoked concerns of an escalating conflict in the Middle East. Prices managed to hit the target of 94.50. As we see over the…
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As we see over the chart, the market is 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 152.00-50. Above 159.45 more advance could hit…
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The pair managed to retreat from the resistance 1.3480 as the target is still towards the support of 1.3250-70. Below 1.3250 more of a drop could be available with support at 1.3000. Above 1.3480 more advance will be expected towards…
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The Euro managed to retreate from the resistance of 1.1655 whilst closing from the support at 1.1500 which could push for a rebound. As we see from the chart and if prices hold below the said resistance, the pressure will still affect the…
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EURUSD hits resistance The dollar continues to keep its edge over the euro as prices hit another low. The pair is testing the current psychological area of 1.1600 after a heavy rejection. A bounce away from the 1.1650 level was already a…
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The Dow managed to rebound on the news that the Iran war could be nearing an end. As we see over the chart, the market could face resistances around 48100 and 48700-800, where each resistance could lead to a continuous drop, as…
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Gold managed to print above 5227 which could lead to a higher advance. Intraday prices show support around 5194 where as long as the market holds above it, the advance wave could expand toward the target of 5300. Below 5194 more…
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Crude Oil moved lower after a report on the proposed release of oil reserves to ease higher energy prices. As long as U.S administrators can convince traders that the war in Iran will end soon, prices could hold between 71.00 and…
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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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