Technical Analysis

Gold failed to obtain a daily close above the major trend resistance zone at 4840-60. As we see from the chart, the market is still facing some pressure towards the 4640-60 zone. A daily close above 4860-80 could initiate a new uptrend…
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Oil closed at target and resistance of 62.60 before dropping rapidly after President Donald Trump signalled that he might hold off on attacking Iran for now. As we see over the chart, prices still face support at 58.80, where if the market…
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USDJPY tested the support trend around 157.30-60 which could lead to another advance towards the 160.20 zone. Below 157.30 more of a drop will be expected with supports at 155.60 and 154.35. SUPPORT RESISTANCE…
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As we see over the chart, prices face resistance around 1.3465-90, where as long as the market holds below it, more of a drop will be expected toward the 1.3285-95 support which could cause a rebound. Below 1.3285 more of a drop…
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The Euro managed to hit a rebound towards 1.1768 so far. As we see from the chart, the market seems to be building a triangle formation which could lead prices inside a trading zone between support 1.1530-50 and resistance 1.1810. Above…
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EURUSD rebounding The markets reacted to the latest tariff risks, pressuring the major dollar pairs in the process. A confirmed breakout of the month-long descending channel has led the euro above the 1.1700 zone. 1.1770 is the next…
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The Dow managed to break below the support of 48760 which could lead to another drop. As we see over the chart and as long as the market holds below the resistance zone of 48900-49100, more of a drop to test 47600-700 will be expected.…
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Gold managed to met targets 4700 and 4800. As we see from the chart, the market is facing a trend resistance zone at 4840-60 which could push for a correction towards the 4640-60 zone. Above 4860, the market could build a further…
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Oil closed at target and resistance of 62.60 before dropping rapidly after President Donald Trump signalled that he might hold off on attacking Iran for now. As we see over the chart, prices still face support at 58.80, where if the…
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