Technical Analysis

The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance. Starting from…
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We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance. Below 1.3140 more of a drop is likely.…
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The Euro managed to hit a few pips above the resistance of 1.1560 which could lead to another advance. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may…
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XAGUSD(Silver) taking a breather XAGUSD(Silver) remains cautious even though a weaker US dollar boosted the demand for precious metals. A surge above 63.00 was a sign of strong buying pressure, pushing the price towards 65.00.…
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AUDUSD(Australian dollar) looks to get back on track The AUDUSD(Australian dollar) continues to climb after breaking through another hurdle. The pair continues the recovery and is on its way to test the next level at 0.7080. A…
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The Dow managed to meet the target of 54000 and 54600 over the optimism over an Iran-USA deal. As we see over the chart and as long as the market holds above the first Intraday support of 54080, the advance could sustain toward 55000.…
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Gold managed to break the triangle formation above 4166 where managed to rally yesterday toward target 4200-20 while managed to add more advance 4300 As we see over the chart, market facing support zone at 4200-20 where as long as market…
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Crude Oil collapsed with the hopes over a deal between Iran and the USA to break below the 77.50 support. As we see from the chart, and as long as the market remains below 77.50, more of a drop is likely while support at 70.70 could lead…
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The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. As we see over the chart, we could see wide range of trading, first between 155.00 and the resistance of 158.05, as the market demands a…
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We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance. Below 1.3140 more of a drop is likely.…
Read More