Technical Analysis

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

(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…
Read More

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…
Read More

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…
Read More

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…
Read More

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…
Read More