Technical Analysis

Oil managed to hit the target of 66.15 a few weeks ago. The market managed to retreat on faded tensions between U.S and Iran, at least for now, whilst prices re-tested the support channel around 62.50. As the tension between U.S. and Iran…
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The pair managed to test the first resistance at 157.60-90 which led to a correction to close towards the 152.00 support from last week. Downtrend risk is facing supports at 152.00 and 150.70-90. The uptrend wave is still ongoing towards…
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GBPUSD managed to fell 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 chart the support zone of 1.3380-99 could push for another rebound towards 1.3735 and above.…
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The Euro is still holding below the resistance zone of 11970-90 which could push for another drop with support at 1.1765. Above 1.1990 more advance will be expected with resistance at 1.2080. Below 1.1765, the downtrend pressure could…
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USDCAD at a crossroads The greenback continues to gain ground over an underwhelmed Canadian dollar. The pair has moved over 100 pips since the pair rallied above the 1.3600 zone. A brief bounce and a close above the immediate hurdle at…
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The Dow still holds inside the short-term uptrend channel. As we see from the Intraday chart, prices are facing resistance around 49800, where as long as the market remains below it, the downtrend pressure could continue towards the target…
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Gold held below the resistance of 5035 and managed to fell below the support 4974 and print a low around 4922 so far. As we see over the chart, the intraday levels and downtrend pressure remains ongoing as long as the market holds below…
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Oil managed to hit the target of 66.15 a few weeks ago. The market managed to retreat on faded tensions between U.S and Iran, at least for now, whilst prices re-tested the support channel around 62.50. As the tension between U.S. and Iran…
Read More

The pair managed to test the first resistance at 157.60-90 which led to a correction to close towards the 152.00 support from last week. Downtrend risk is facing supports at 152.00 and 150.70-90. The uptrend wave is still ongoing towards…
Read More