Technical Analysis

EURUSD broke a Rising Wedge formation which could create some pressure towards 1.1490. As we see from the previous chart, prices still face a support zone at 1.1600 which could lead to another advance higher. Below 1.1600 more…
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 GBPUSD drifts lower The dollar kept up its dominance over the pound as prices sank to a fresh low. Cable came under more pressure after firmly breaking through the 1.3500 level, and the drift south has since led more buyers to take…
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( UKOIL ) Brent back on track ( UKOIL ) Brent attempts to regain some composure after days of declines, as investors assessed developments in Venezuela. In addition, reports on the progress of proposed U.S. sanctions against countries…
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(SPX 500 ) S&P striving for another record The (SPX 500 ) S&P holds onto gains as big tech and AI stocks continue to benefit from investor sentiment. The index is grinding above the psychological 6900 level, a major crossroads:…
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Metals took another step lower as fresh profit-taking pulled the markets lower. As the Non-Farm Payrolls remain subdued, will safe haven buying come back into force? Timestamps XAUUSD 00:25 XAGUSD 01:45 Test your trading…
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The Dow managed to met the target at the 49500-600 zone. As we see over the previous chart, market facing the uptrend channel resistance line around 49800-50000 zone which may push for some drop correction toward 48760 As…
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Gold managed to met targets 4467, 4488 and still looks toward 4520. As we see over the chart, prices face supports at 4428-43 and 4388-98, where as long as the market holds above it, the advance could sustain towards 4520, 4550…
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Oil managed to hold below the downtrend line early today to drop and close towards the support of 54.80. As we see over the previous chart, if prices hold above 54.80, a chance for a rebound toward 57.05 and 58.00 could hit the…
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USDJPY still holds trades a trading channel. As we see over the chart and as long as the market holds above 156.10, another advance toward 157.30 and 157.75 will be expected. Below 156.10, the risk for a further drop towards…
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GBPUSD fell below the first support of 1.3490 which created some pressure over market as the second support is still at 1.3400. As long as the market holds above 1.3400, the scenario for another advance towards the 1.3610-40…
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