Technical Analysis

AUDUSD probes resistance The Australian dollar (AUD)  ramped up pressure on the greenback, adding over 50 pips. On the chart, the price is moving towards 0.6680, which is a fresh resistance level. Any signs of exhaustion could see a…
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Gold hit the target of 4370-80 again and managed within the last hour to break above it. As we see over the Intraday chart, prices face a support zone around 4350-70, where as long as the market holds above it, an advance toward 4420 and…
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The Dow managed to hold above the support at 47600-700 as we see over the chart which led to a rebound towards 48265. Prices could hold inside this trading zone. Above 48500 more advance will be expected with resistance at…
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Oil managed to meet the target of 54.80 which caused a rebound to test today the 57.05 resistance. As we see over our previous chart, the market is facing a trading zone between support 54.80 and resistance 57.05. Above 57.05 more advance…
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Prices managed to met targets 156.15 and 156.95 after the BOJ Interest-Rate Hike last week. As we see over the previous  chart, the market is facing resistance around 157.90 which could push for a correction toward 156.15 before a rebound.…
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The market broke above 1.3360-70 which could lead to a further advance. As we see over the previous chart, prices face support around 1.3280-99 which could push towards toward targets 1.3470 and 1.3600. Below 1.3280 more of a drop could…
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The Euro managed to hit the of target 1.1675 and almost closed towards 1.1820. As we see over the Intraday chart, and as long as the market holds above the 1.1680 support, the advance could continue toward 1.1820. Above 1.1820 more…
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GBPUSD consolidates losses Cable failed to keep hold of its recent high after last week's Bank of England rate decision. The recent high of 1.3450 was short-lived after a heavy rejection; however, a surge above this ceiling might open…
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GBPUSD remains bullish Cable remains bullish as last week’s inflation data caused a spike in price action. With inflation falling sharply in November, this fuelled the likelihood of a rate cut in the Bank of England’s final meeting of…
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