Technical Analysis

Oil opened with a gap after U.S. and Israel’s treacherous attack on Iran while the Iranian Revolutionary Guard announced the closing of Hormuz. Such disruptions could cause more spikes on Oil prices which could lead for a further…
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The pair retreated last week and managed to close from the first support at 152.00. The uptrend wave is still ongoing towards 160.20, as long as the market remains above 150.70-90. Below 150.70 more of a drop could hit the…
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GBPUSD met the target and support of 1.3380-99 And moved below 1.3380 before seeing a quick rebound. As long as the market remains above 1.3380, the chance for another rebound toward 1.3735 could hit the market. A drop below…
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The Euro is still under pressure as we stated in the last few weeks as the target remains towards 1.1580. As we see over the Intraday chart, prices face the first resistance at 1.1860 while as long as the market holds trades it,…
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(UK 100)The FTSE bearish reversal underway (UK 100)The FTSE fell away from its recent record as traders digest the latest news from the Middle East conflict. The RSI’s previous double top in the overbought zone was a sign of…
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(SPX500)The S&P takes a breather (SPX500)The S&P continues its choppy nature after last week’s Nvidia earnings call failed to impress the market. The combination of shaky sentiment and the worry that the AI bubble could burst…
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The Dow managed to maintain our expected trading zone between support 48300 and resistance 49800 so far. As we see over the chart, the market shows weaknesses over indicators as resistance is at 48800-900. As long as the market…
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Despite the gap in price on the market open after the conflict with Iran, the market  is showing the chance for a trading zone as long as prices remain below the 5380-5422 resistance. As we see over the chart, support is at 5249 which…
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Oil opened with a gap after U.S. and Israel’s treacherous attack on Iran while the Iranian Revolutionary Guard announced the closing of Hormuz. Such disruptions could cause more spikes on Oil prices which could lead for a further…
Read More