Technical Analysis

USDJPY in the short term is still facing a resistance zone around 160.90-161.95 as the last time the market reached it, the Bank of Japan warned about possible intervention to support the yen. So, the continued movement below this level…
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GBPUSD fell below the daily trend support at 1.3280 which could lead to more pressure over the market. As we see from the chart, Intraday prices show resistance around 1.3325, where as long as the market holds below it, more of drop toward…
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The Euro managed to hold below the resistance of 1.1620 to meet the target of 1.1500 and broke further below. As we see from the chart, the Intraday levels show resistance around 1.1530, where as long as the market holds below it, the drop…
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Intraday analysis covering NZDUSD, GBPUSD, and UKOIL, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. NZDUSD hitting critical support The New Zealand dollar continued its…
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There is a near-unanimous consensus that the BOE will keep rates unchanged at the end of its meeting on Thursday. However, there are several key data points coming out the day before and just hours ahead that could change the outlook on the…
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The Dow managed to test the resistance zone of 52000-200 which could lead to a potential Rising Wedge formation that can create a correction scenario. Above 52200 a chance for further advance toward 53000 is likely. …
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Our previous outlook for the Precious Metal still stands. Gold managed to start to test the resistance zone of 4350-80 yesterday. The market could hold a trading zone between supports 4280 and 4245 while resistance zone remains at…
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Crude Oil managed to break below the support of 76.00 as the agreement between Iran and US remains valid. As mentioned before that below the 76.00 level, the prices will go towards the 68.00 zone which are the pre-war price levels. The…
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Our previous outlook for USDJPY still stands, as the pair continues to test the 160.20–160.60 resistance zone. Traders are closely watching this area, as the last time the market reached it, the Bank of Japan warned about possible…
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Our previous outlook for GBPUSD still stands, as the pair has held above the 1.3280 support level. GBPUSD managed to hold above 1.3280 and has rebounded toward 1.3500 a few weeks ago. As shown on the chart, the market is supported by a…
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