Technical Analysis

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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Gold managed to rebound again towards the 4405-10 zone and above. As we see over the chart, the market is facing the first support around 4385. If prices remain above it, the advance test towards the 4425-30 resistance will…
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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 begins to build a formation which could send prices higher. Intraday levels show support at 156.50, and if prices remain above it, the advance could sustain towards 157.75 and 158.85. Below 156.50 the drop pressure…
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GBPUSD managed to hit below 1.3425 which could lead to a further drop on the market. As we see over the chart, the market is facing pressure as long as prices remain below 1.3465, as each support could lead to a rebound.…
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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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(NAS 100 ) The Nasdaq another peak (NAS 100 ) The Nasdaq awaits the next signal as price action falls from its latest peak. The index remains bullish as prices remain elevated. 25600 is the next target before the index picks up the…
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USDCAD probes support The pair continues to languish as prices hit another fresh low. On the chart, the greenback is poised to lift above the 1.3700 target to switch the directional bias, after continuous support breaks since the…
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The Dow managed to pass through the target of 48370-500 and closed towards the second target of 48850. As we see over the chart, the market still has room for further advance to test the resistance trend around 49500-600, which could…
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