Technical Analysis

(AUDUSD) Aussie dropping off The (AUDUSD) Aussie fell away from its multi-month high after last week’s decision to increase its cash rate. The meeting also noted that economic activity has been stronger than expected, as the central…
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GBPUSD falls lower The GBP (Pound) has seen gains against the dollar erased as the pair continues to sell off. With price action moving lower, the 1.3500 level becomes the next downside test. If this trend corrects, the recent peak at…
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Oil managed to hit the target of 66.15 last Friday. The market opened with a downward gap as the U.S. stopped the attack on Iran for now. As the tension between U.S. and Iran could return, the Oil market could face some volatility. As we…
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Gold managed to test the edge of the resistance zone at 5100-200 yesterday before dropping towards 4800. As we see from the Intraday chart, the market is facing supports at 4800 and 4745 which could lead to another advance towards the…
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Prices managed to fall below the support of 153.50-60 which could push for a further drop to test the 150.70-90 support trend which could lead to a rebound. The uptrend wave is still ongoing towards 160.20, as long as the market remains…
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As we see over the chart, the Dow is still facing several supports while Indicators showing weakness over the market. However, the uptrend channel support zone at 47780-48100, could lead to a rebound. Below 47780 more of a drop toward…
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Cable held above the 1.3560-1.3610 support to meet the first target of 1.3788 as more advance towards the second target 1.4000 is still expected. Below 1.3560 more of a drop will be expected with supports at 1.3400 and 1.3340.…
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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…
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AUDUSD breaking higher The Aussie (Australian dollar) advanced as the Central Bank raised its cash rate. The pair has moved past the 0.7000 level, suggesting that the Aussie could have found a bottom at this month’s low around 0.6925. A…
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