Technical Analysis

Intraday levels show Gold in an uptrend channel which could be the correction phase before another drop toward 4600 and below. However, and as we see over the Intraday chart, market support is at 4974, with resistance at 5035 could create…
Read More

The par managed to test the first resistance at 157.60-90 which led to a correction. Downtrend risk is facing supports at 152.00 and 150.70-90. The uptrend wave is still ongoing towards 160.20, as long as the market remains above…
Read More

GBPUSD also managed to pass above the resistance trend, while as long as the market holds above the 1.3585-1.3620 support, the advance could sustain toward 1.3735 and 1.3870. Below 1.3585 more of a drop towards the 1.3380-99 support zone…
Read More

The Euro is still holding below the resistance zone of 11970-90 which could push for another drop with support at 1.1765. Above 1.1990 more advance will be expected with resistance at 1.2080. Below 1.1765, the downtrend pressure could…
Read More

USDCHF remains undecided The US dollar softened as the pair failed to make a meaningful move, with prices remaining stuck in a consolidation. On the chart, the pair has remained under pressure after failing to break above the 0.7800…
Read More

EURUSD reversing the trend The Dollar has had a few months to forget, after hitting continuous lows against the Euro, the pair has seen over 500 pips wiped off its value. However, the tides are starting to turn as progressive jobs data…
Read More

Dow managed to retreat below support 49500 which may push for farther drop to test 48300-600 support zone this support 48300-600 may push again the market toward up inside this trading channel while resistance at 49600-700 Below 48300…
Read More

Gold managed to fell below 5035 support yesterday where managed to met targets 5000 and 4935 and below As we see over the chart, market facing resistance around 5000 where as long as market holding trades below it the downtrend pressure…
Read More

We still holding our previous outlook for  Crude Oil Market managd to met target 66.15 Last Friday Market managed to retreat on tension fade between U.S and Iran at least for now while managed to re-test support channel around 62.50…
Read More

We still holding our previous outlook for USDJPY Market managed to test first resistance 157.60-90 which managed to push for some drop correction Downtrend risk facing supports at  152.00 and 150.70-90 The uptrend wave still…
Read More