Technical Analysis

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 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, the…
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AUDUSD keeps the high ground The Aussie's strength has kept the pair elevated as price action remains in a symmetrical triangle. The pair has recouped some losses from this month's sell-off after bouncing off the 0.7150 top, a sign that…
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USDJPY testing resistance The dollar continues to advance against most of its peers as prices look poised to complete a full reversal on the Yen pair. On the chart, prices have moved past the previous resistance at 154.00 as bulls strive…
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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…
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Intraday levels show a potential Rising Wedge formation which could set a trading zone, as long as the market remains below the 5175-80 resistance. Supports start from 5129 and 5035. Above 5180, more advance could hit the market…
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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 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…
Read More

The Euro is still under pressure as we stayed 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,…
Read More