Technical Analysis

Traders still fear the market will move higher as the Bank of Japan could intervene again to support the Yen. A drop formation is looking to test the support zone at 153.90-154.40. Above 159.60 more advanced is likely with…
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Support at 1.3140-60 managed to push prices to a rebound as the market pushed a few pips above 1.3400, before the drop pressure returned. As we see from the chart, a trading zone is still possible here. Below 1.3140 more of a…
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The Euro fell below the downtrend resistance line as more pressure still affects the market. As long as prices hold below the resistance of 1.1240-80 the drop pressure could continue towards the target and support of 1.1065,…
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AUDUSD testing resistance The AUDUSD remains indecisive as its choppy consolidation phase continues. The pair has found steady ground above 0.7000 after the week-long rally. 0.7040 is the immediate resistance, and a confirmed…
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UKOIL pushing higher UKOIL remains supported at a 5-month high as traders await the next signal. This might not be the final upturn, as Middle East tensions remain on edge. With oil touching its highest price since May, UAE…
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EURUSD breaks lower The EURUSD tumbled as the dollar gained ground over its competitors. After a short-lived grind over 1.1200, a bearish breakout could seriously dent the bullish bias. The next round number at 1.1100 is the…
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USDJPY moving lower The Yen bounced back against the greenback as price action looks to erase all gains from the beginning of the month. A close below 157.00 indicates renewed selling pressure on USDJPY and could lead to a bearish…
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The Dow tested the resistance zone at 52700-800, which still holds the market lower. If prices hold below this resistance, a correction towards 51000 is likely. Above 52935, more advance toward 53700 is expected. SUPPORT…
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Crude Oil managed to pass above the resistance at 96.35 to reach the target of 98.50 and above. As we see over the chart, the market is facing a support zone around 95.40-96.35, which could keep the chance for more advance towards 101.35…
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Gold managed to hit a correction towards the target of 4065-80 so far. As we see over the chart, the market could continue inside this zone. Above 4235 more advance toward 4315 is likely. Below 4065 more of a drop toward 4000 is…
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