Technical Analysis

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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Crude Oil managed to test the downtrend line around 87.60 which has so far managed to hold prices. As we see from the chart, this downtrend resistance could push for a wider drop towards the 67.00-68.00 zone. Above 87.60 more…
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The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. USDJPY managed to print above the 158.05 resistance which indicates a wider range for rebound towards the 160.85 resistance.…
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GBPUSD also shows the chance for a correction before rebounding. As we see from the chart, the market is facing resistance around 1.3675 which could give space for a trading zone toward 1.3560. Above 1.3675 more advance is…
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Intraday levels show some weakness over the indicators that could lead to a correction before rebounding. As we see from the chart, the market is facing resistance around 1.1710 and if prices remain below it, a chance for a…
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US 30 waiting for the next signal The Dow (US 30 ) jumped over 500 points in Friday’s session, but failed to lift the back-to-back weekly losses. The index is testing the previous swing high and daily resistance at 53400. A…
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NZDUSD regains confidence The Kiwi took a slight breather after moving over 100 pips higher as the bullish influence remains. A rally towards the mid-0.5900 area has prompted sellers to trim their exposure. After a brief…
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XAUUSD pushing higher Gold (XAUUSD) had a day to remember after jumping over $100 in value. The yellow metal has secured a foothold around the psychological level of 4500, and a tentative break here would suggest further buying…
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AUDUSD hitting new highs The Australian dollar (AUDUSD) was up for another session before a heavy price rejection at the 0.7100 region. Price action has fallen around 30 pips but remains elevated above the 0.7100 level. 0.7070…
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The Dow fell below the support of 53660, showing that more of a drop is likely. As we see from the chart, the second support is around 52800. A bounce here would support the market for another rebound toward 53660. Below 52800…
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