Technical Analysis

The Euro is still hovering around 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…
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SPX 500 investors buy the dip The SPX 500 attempts to close higher as prices look to bounce back from the latest dip. The index hit support at 7640 as a bullish RSI could show a further swing higher. Intraday sellers have taken…
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The Dow managed to meet the first target at 52400 as the market still faces the main resistance at 52700-800. As long as prices hold below this resistance, a drop toward 51000 is likely. Above 52800 more advance toward 53700…
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Gold hit a rebound to close towards the resistance zone 4200-35 again. As we see over the chart, the market could continue  inside this zone. Above 4235 more advance toward 4315 is likely. Below 4065 more of a drop toward…
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Crude Oil managed to pass above the resistance at 96.35 to reach the target of 98.50 and above. As we see over the chart, the market is facing a support zone around 95.40-96.35, which could keep the chance for more advance…
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USDJPY added more value above 157.85 as the drop pressure still overshadows the market as traders expect an intervention from the Bank of Japan. Intraday prices show resistances at 159.00 and 160.00, while a drop wave could hit…
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GBPUSD met the target at the 1.3350-1.3400 zone. The market could hold this trading zone between  support zone 1.3140-60 and resistance 1.3350-1.3400. Below 1.3140 more of a drop towards 1.3000 is likely. Above 1.3400 more…
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The Euro is still hovering around 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…
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USDJPY moving lower The Yen (USDJPY) bounced back against the dollar as the pair looks to close the weekend gap. Resistance at 158.30 indicates renewed selling pressure and could lead to a bearish continuation. The recent low…
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Dow managed to meet first target at 52400 while market still facing main resistance at 52700-800 As long as market holding trades below this resistance a drop correction toward 51000 is likely Above 52800 more advance toward 53700 is…
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