Technical Analysis

( US 30) The Dow breaks 49000 ( US 30) The Dow pushed higher as prices hit another record peak. The index is on its way towards 49500, starting the new year on the front foot. Some stiff resistance could be expected around 49200 due to…
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We still holding the same outlook for the Dow as the market is still holding above the 47600-700 support. As we see over the chart, the advance is still ongoing after last Friday’s drop toward 47817, as the market is still…
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Gold met the target of 4425-30 and managed to break above it. As we see over the chart, the market is closing towards the second target of 4467, which could lead to a correction with support at 4425-30. As long as the market…
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Oil managed to expand the rebound correction above the 57.05 resistance, towards 58.80 two weeks ago. As we see over the previous chart, the market is a facing resistance zone around 59.00-40, which could keep the market inside…
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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 passed above the 1.3465 resistance which could lead to a further advance towards the 1.3610-40 zone. As we see from the chart, prices face intraday support at 1.3490, where if the market holds above it, the advance…
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The Euro managed to break a Rising Wedge formation which could cause a downturn towards 1.1490. As we see over the Intraday chart, prices still face a support zone at 1.1600-50, which could lead to an advance higher. Below…
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GBPUSD seeks support The US dollar clawed back losses after the pair hit a fresh high at 1.3530. A fall below 1.3450 has strengthened the bearish bias, as the price is now in a small consolidation. This level is now a key resistance to…
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Gold remained in the bull zone as tensions between the U.S. and Venezuela increased. As Oil slides, will there be a turnaround in price action as the crisis continues? Timestamps XAUUSD 00:25 WTI 01:40 Test your trading strategy on…
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We still holding the same outlook for the Dow as the market is still holding above the 47600-700 support. As we see over the chart, the advance is still ongoing after last Friday’s drop toward 47817, as prices face resistance…
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