Technical Analysis

Gold managed to meet the target of 4050 and broke below it. Prices are still searching for support with the medium term support being at 3886. Traders await the US Inflation data today to get a clue over Fed Rate hike intentions.…
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Crude Oil managed to meet the target of 79.20 and pass above it. As we see over the chart, the market still has room for more advance as war escalates in the Middle East. The support zone is at 75.50-75 with resistance at 85.50-87.50.…
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USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing. Prices fell toward 160.50-70 on the suspected intervention before bouncing back. Traders should take precautionary measures…
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GBPUSD managed to test the resistance zone at 1.3400-30 last week before a market correction. As we see over the previous chart and as long as prices remain below this resistance, another retreat toward 1.3305 and 1.3160 could hit the…
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EURUSD is still holding above the Intraday support at 1.1380 as traders await the U.S inflation data today. Traders need to watch the support of 1.1380 as the market still has a chance to move higher. Below 1.1380 more of a drop could hit…
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EURUSD (The euro) sees limited pullback EURUSD (The euro) continues to retreat after failing to break back above the recent high, which saw prices push towards a fresh peak. The pair bounced off the support zone at 1.1380 as the…
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The Gold(XAUUSD) remains elevated Economists are watching The Gold(XAUUSD) this week for early trading opportunities. Talks between US and Iranian officials have stalled, keeping demand for safe-haven assets strong. Fed Chair Warsh…
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GER 40 (The Dax) licking its wounds GER 40 (The Dax) edges higher as the recent sell-off in the index market casts a shadow on a potential recovery. A strong indication of the underlying bearish mood could cap prices from breaking…
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The Dow passed above 53000 and then reversed after President Donald Trump declared the ceasefire between the US and Iran over. If the escalation continues, we could witness more drop pressure over market with supports at 51290…
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Gold managed to hold support at 4020-30 yesterday to meet the target of 4100 and above. As we see over the chart, prices remain inside a triangle formation with support at 4050 and resistance at 4140. A break of one of those…
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