Technical Analysis

GBPUSD tests key support Cable paused the recent rally as price action was rejected at the 1.3460 area. On the chart, the pair is testing a fresh low, with the previous swing high a key level for bulls to target should another push to…
Read More

EURUSD pushes for an uptrend The Euro continues its upward trajectory after the ECB keeps its interest rate unchanged to stabilise inflation. The pair saw a further uptick as prices tested 1.1560, which has become the next hurdle, and…
Read More

Gold managed to meet targets 4880 and 4844. As we see from the Intraday chart, Gold is still facing drop pressure as long as the market holds below 4900. The target and support at 4745-75 could push for a rebound. Below 4745 more of a…
Read More

As we see from the previous chart, the market is facing a resistance zone at 47215-450, which managed to push the market for more of a drop towards the first target of 46300 and below. We are still looking for a further drop towards the…
Read More

Crude Oil is still holding an uptrend wave with escalating tensions between US-Israel and Iran, The market has begun to absorb Trump's continued rhetoric regarding eliminating Iran and reopening the Strait of Hormuz, keeping the pressure…
Read More

The pair managed to drop and still faces resistances around 160.20 and 161.95, where each resistance could push for a correction towards the 157.25-65 zone. Above 161.95, the market could enter a new uptrend wave with the first target…
Read More

The pair managed to rebound after printing a 1.3217 low last Friday. As we see from the Intraday chart, prices face a support trend around 1.3200, which could give the chance for a rebound towards 1.3460-80. The market rebounded towards…
Read More

The Euro retreated from the resistance of 1.1655 and managed to close from the target and support of 1.1400 last Friday before rebounding as expected. The market is still facing pressure towards the 1.1200 zone with resistances at 1.1555…
Read More

EURAUD stuck in consolidation The Euro continued to fight back against the Aussie to prevent a further downturn, a story that has held for most of this month. A close above 1.6250 put the bears on the defensive as a move towards 1.6350…
Read More