Technical Analysis

The Euro managed to pass above 1.1880 which could lead prices higher to test the resistance zone at 11970-90, which could see a drop with support at 1.1765. Above 1.1990 more advance will be expected with resistance at 1.2080. Below…
Read More

USDCHF slumps lower The US dollar gave up most of its recent gains after hitting a firm rejection. The pair continues its way lower after falling through the psychological level of 0.7700. A continued bearish breakout of the recent…
Read More

The Dow managd last Friday to hit the target at 50000-100. As we see over the chart, the market is still holding inside the uptrend channel with the target and resistance at 50700-800, while support at 49500-600 could hold this trading…
Read More

Gold is still holding momentum as we see over the Intraday frame showing the first support at the 4935-65 zone. If prices remain above the said zone, then the advance could extend to attack and test the resistance of 5091 which could lead…
Read More

Oil managed to hit the target of 66.15 last Friday. The managed to retreat on faded tensions between U.S and Iran, at least for now, whilst prices re-tested the support channel around 62.50. As the tension between U.S. and Iran could…
Read More

The pair managed to rebound before testing the support trend at 150.70-90, as prices tested the first resistance at 157.60-90 today. The uptrend wave is still ongoing towards 160.20, as long as the market remains above 150.70-90. Below…
Read More

GBPUSD managed to print below the support of 1.3560 which could lead to a further drop. As we see from the Intraday chart, the market is facing a resistance zone at 1.3620-70 where as long as prices hold below it, the drop pressure could…
Read More

The Euro printed below the support of 1.1800 which could push the market for a further drop. As we see over the chart, the market is facing resistance around 1.1830, where as long as prices remain below 1.1880, the downtrend pressure could…
Read More

XAUUSD remains pressured Gold pulled lower after hitting a firm rejection, as traders weigh another test of the psychological 5000 level. With global risks pulling back, the sell-off could continue. Further downward momentum eyes the…
Read More