Technical Analysis

( SPX 500 ) The S&P aiming for another record ( SPX 500 ) The S&P rallies as an upbeat sentiment continues to push the index higher. A close above the psychological level of 6900 suggests that buyers remain in the market.…
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The Dow managed to hold above the trend support to rebound towards 49528 so far. As we see over the previous chart and if prices remain above 48300-600, the chance for a rebound correction is likely toward 49800-900. Below…
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Gold managed to drop toward 5145 but held above the uptrend line. We still see the advance wave ongoing as long as the market holds above 5094-5122 where the target is toward 5400-50. First Intraday support is at 5145. Below…
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Oil managed to rebound again towards the target 66.15 and above. As the tension between U.S. and Iran could return, the Oil market could face some volatility. As we see from the chart, prices could hold this uptrend channel as…
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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 managed to fall below the support of 1.3585 which could push for a further drop to test the support zone at 1.3380-99. As we see over the previous chart, the support zone of 1.3380-99 could push for another rebound towards…
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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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(XAUUSD) Bullion hits another peak (XAUUSD) Bullion remains bullish as price action looks towards another fresh high. On the chart, the price is progressing after confirming a close above 5100, with 5200 the next target for bulls.…
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The Dow managed to hold  above the trend support to rebound towards 49290 so far. As we see over the previous chart and if prices remain above 48300-600, the chance for a rebound correction is likely toward 49800-900. Below…
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