Technical Analysis

NZDUSD finds support The New Zealand dollar (NZDUSD) shares the same rhetoric as the Aussie, with a jump lower to begin its consolidation phase. A break above the key area of 0.5940 would suggest a strong bullish drive, and…
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The Dow from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 last week. As we see from the chart and as long as the market holds above 52640, the advance is likely to move above…
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Gold collapsed towards the target at 4525-50 after Warsh’s speech to expand the drop towards the second target at 4450. As we see from the Intraday chart, prices will face support zones at 4380-90 and 4310-40 where each level can…
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Oil managed to hit a correction toward 79.40 before the market rebounded. As we see from the chart, prices seem to be building a triangle formation with resistance at 86.20-50 and support at 79.50-80. The market could hold…
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USDJPY managed to resume the advance to close from the resistance at 160.85. If prices remain below this resistance, a drop towards 159.10 and 158.00 is likely. Above 160.85 more advance is expected as traders need to have some…
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GBPUSD also managed to drop past the target of 1.3560. As we see from the chart, the Intraday support at 1.3520 could keep the chances for another rebound toward 1.3675. Below 1.3520 more of a drop is likely with support at…
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The Euro hit a correction towards the target and support of 1.1570. As we see from the chart and as long as the market holds above this support,  a rebound towards 1.1710 is likely. Below 1.1570 a further drop toward 1.1460-80…
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XAUUSD testing $3400 Gold (XAUUSD) remains pressured after the Jackson Hole Symposium left more questions the answers. A bounce below 4500 has prompted buyers to cover, easing the upward fightback. The direction remains skewed…
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The Dow from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 last week. As we see from the chart and as long as the market holds above 52640, the advance is likely to move above 55000. Below…
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Gold remains inside a downtrend channel formation which is still giving the chance for another drop to test the support of 4525-50. As we see from the chart and as long as prices hold below 4620, a drop could hit the market before the…
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