Technical Analysis

The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance. Starting from the…
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We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance. Below 1.3140 more of a drop is likely.…
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The Dow remains above the second Intraday support at 53660 which is still holding the advance wave toward 55000. Below 53335 more of a drop is likely with support at the 52700-800 zone. SUPPORT RESISTANCE LEVEL1…
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Crude Oil reached the edge of 83.60 before retreating. As we see over the chart, resistance remains around 85.10, where as long as the market holds below it, a drop toward 77.30 and lower could hit the market. Above 85.10 more…
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Gold managed to drop towards the support at the 4300-10 zone. Prices rebounded so far and the chart shows the chance for a trading zone, before expanding the drop scenario toward 4200-20 in the coming trading weeks. Above 4448 more…
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The Euro managed to hit a few pips above the resistance of 1.1560 which could lead to another advance. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may…
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USDJPY trying to recover The dollar kept the pressure on the yen as prices try to recover the 500 pips caused by the intervention of the Bank of Japan. The pair has risen over 200 pips in recent sessions. A bullish mood means…
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NAS 100(Nasdaq) driving higher The NAS 100(Nasdaq) kept its cool as tame inflation data saw a drive on most indices across the board. Overall sentiment remains bullish, and trend followers would be eager to jump in for a move back…
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The Dow remains above the second Intraday support at 53660 which is still holding the advance wave toward 55000. Below 53335 more of a drop is likely with support at the 52700-800 zone. SUPPORT RESISTANCE LEVEL1…
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Crude Oil managed to pass above the resistance of 80.50 which gave the market power for further advance. As we see over the chart, prices face a trading zone between support 80.50 and resistance 85.10. Below 80.50 more of a drop…
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