Technical Analysis

EURJPY stuck in consolidation The EURJPY remains indecisive after the recent downturn, with price action remaining consolidated. The pair seems stuck after bouncing below 176.00, and the directional bias on EURJPY will remain…
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The Dow tested the resistance zone at 52700-800, which still holds the market lower. If prices hold below this resistance, a correction towards 51000 is likely. Above 52935, more advance toward 53700 is expected.…
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Gold managed to hold trades below the resistance of 4035 as the drop pressure still affects the market. As we see over the Intraday chart, the market is facing the first resistance around 4035, where as long as the market holds…
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Crude Oil managed to meet targets 101.35 and 102.60 and above. As we see from the chart, the advance wave is still ongoing while more highs are likely if prices hold above the first support at 100. Below 100 more of a drop could…
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Traders still fear the market will move higher as the Bank of Japan could intervene again to support the Yen. A drop formation is looking to test the support zone at 153.90-154.40. Above 159.60 more advanced is likely with…
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Support at 1.3140-60 managed to push prices to a rebound as the market pushed a few pips above 1.3400, before the drop pressure returned. As we see from the chart, a trading zone is still possible here. Below 1.3140 more of a…
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The Euro fell below the downtrend resistance line as more pressure still affects the market. As long as prices hold below the resistance of 1.1240-80 the drop pressure could continue towards the target and support of 1.1065,…
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AUDUSD testing resistance The AUDUSD remains indecisive as its choppy consolidation phase continues. The pair has found steady ground above 0.7000 after the week-long rally. 0.7040 is the immediate resistance, and a confirmed…
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UKOIL pushing higher UKOIL remains supported at a 5-month high as traders await the next signal. This might not be the final upturn, as Middle East tensions remain on edge. With oil touching its highest price since May, UAE…
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EURUSD breaks lower The EURUSD tumbled as the dollar gained ground over its competitors. After a short-lived grind over 1.1200, a bearish breakout could seriously dent the bullish bias. The next round number at 1.1100 is the…
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