Technical Analysis

EURUSD hits resistance The euro pulled back from its recent rally after prices hit firm resistance. On the chart, a bounce away from the 1.1600 level suggests that a correction is due after a long bullish rally. The pair has moved over…
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The Dow managed to hit the target of 45700 to drop towards the support of 45135. As we see over the chart, the downtrend pressure is still affecting the market as long as the Dow holds below the resistance of 46900, as the…
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As we see over the Intraday chart, Gold tested the support trend while still holding above it which could keep the advance wave going towards the 4610 and 4700-35 resistances. Below 4415 more of a drop will be expected with…
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Crude Oil tested the resistance zone of 91.50-92.50 before dropping towards 86.00. If prices remain below the resistance zone of 91.50-92.50, the pressure could continue with supports at 84.20-85.20 and 80.95. Above 93.00 more…
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The pair hit a correction towards the target and support of 157.25-65 last week. The market is still holding a trading zone with resistances around 160.20 and 161.95 where each resistance could push for drop a toward the…
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The market managed to rebound after printing a low of 1.3217 two weeks ago. As we see from the previous chart, prices managed to meet the target of 1.3460-80 which could lead to a correction. Above 1.3485 more advance will be…
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THE Euro managed to hold trades inside a trading zone as expected last week. Prices still face pressure towards the 1.1200 zone with resistances at 1.1655. Below 1.1400 more of a drop toward 1.1200 will be expected. Above 1.1655 more…
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AUDUSD tests critical support The Australian dollar took another step lower as the greenback continued its dominance over the pair. Prices remain limited below 0.7000 as the current trend signals a bearish channel, which has seen the…
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The Dow managed to hit the target of 45700 to drop towards the support of 45135. As we see over the chart, the downtrend pressure is still affecting the market as long as the Dow holds below the resistance of 46900, as the trading zone…
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