Technical Analysis

USDJPY testing resistance The dollar continues to advance against most of its peers as prices look poised to complete a full reversal on the Yen pair. On the chart, prices have moved past the previous resistance at 154.00 as bulls strive…
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The Dow still holds inside the short-term uptrend channel. As we see from the Intraday chart, prices are facing resistance around 49800, where as long as the market remains below it, the downtrend pressure could continue towards…
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Intraday levels show a potential Rising Wedge formation which could set a trading zone, as long as the market remains below the 5175-80 resistance. Supports start from 5129 and 5035. Above 5180, more advance could hit the market…
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Oil managed to rebound again towards the target 66.15 and above. As the tension between U.S. and Iran could return, the Oil market could face some volatility. As we see from the chart, prices could hold this uptrend channel as…
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The pair retreated last week and managed to close from the first support at 152.00. The uptrend wave is still ongoing towards 160.20, as long as the market remains above 150.70-90. Below 150.70 more of a drop could hit the…
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GBPUSD managed to fell below the support of 1.3585 which could push for a further drop to test the support zone at 1.3380-99. As we see over the chart the support zone of 1.3380-99 could push for another rebound towards 1.3735…
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The Euro is still under pressure as we stayed in the last few weeks as the target remains towards 1.1580. As we see over the Intraday chart, prices face the first resistance at 1.1860 while as long as the market holds trades it,…
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EURUSD sinking lower As the dollar finds its feet after January’s sell-off, price action seems firmly bearish, with the euro giving up most of its recent gains. The big question now is whether the trend can continue to allow for a deeper…
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The Dow still holds inside the short-term uptrend channel. As we see from the Intraday chart, prices are facing resistance around 49800, where as long as the market remains below it, the downtrend pressure could continue towards the target…
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Intraday Gold prices are starting to show some weakness which could lead to another drop before testing the 5045 zone. Support is at 4960 where below this level, a further drop towards 4905-10 will be expected with more weakness likely…
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