Technical Analysis

Gold dropped toward 4110 to close towards the target and support at 4100. As we see from the chart , the market is facing a resistance zone at 4200-10 and 4235-45, where each resistance can activate a drop again toward 4100. Above 4245…
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Crude Oil managed to meet the target and resistance of 95.90, before prices dropped again towards the support 87.35. This trading zone is still valid between support 87.35 and resistance 95.90. Above 96.35 more advance is likely. Below…
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USDJPY managed to re-test the support at 156.40 which could lead to a trading zone towards resistance 157.85, before the downtrend wave continues. Below 156.40, more of a drop could lead prices towards 153.90-154.40. Above 157.85, the…
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GBPUSD fell toward the 1.3200 zone as market support remains at 1.3140-60. As long as the market holds above the support zone of 1.3140-60, a rebound towards the 1.3350-1.3400 zone is likely. Below 1.3140 more of a drop towards 1.3000 is…
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The Euro managed to break below the support trend at 1.1390. If prices hold below the daily close of 1.1410, more of a drop is likely towards the 1.1200-50 zone. A close above 1.1410 could activate a rebound towards 1.1500 and 1.1565.…
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The SPX500 takes a step back as the ongoing rally loses momentum, while AUDUSD and EURJPY continue to face key technical levels. AUDUSD tests support The Australian dollar remains pressured as the greenback continues to push.…
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NZDUSD finds support amid USD Strength The New Zealand dollar fell further away from its recent peak as the sell-off continues. On the chart, the pair has fallen over 150 pips, putting immense pressure on traders who previously…
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EURUSD losing steam Traders are still digesting the recent Fed announcement that another two rate cuts are on the horizon in the final quarter. More volatility for the dollar is likely, as well as for gold, as uncertainty…
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The Dow managed to meet the target of 51180 again to activate another rebound toward 51870. As we see from the chart and as long as the market holds above 51180, a rebound is likely toward 51970 or 52200-50, where each resistance has the…
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Gold broke below the support at 4230 which could lead to downtrend pressure for another drop toward 4100. As we see over the chart, the market is facing support at 4180-85, while resistance at 4245 could create a small trading zone here…
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