Technical Analysis

( US 30 ) dow breaks key resistance The ( US 30 ) dow reached another peak as the US economy is hopeful of a soft landing. By almost wiping out last month’s downturn, the index is looking for a full reversal to reclaim the top spot,…
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Prices dropped to test the support zone of 4160-70 again. As we see over the chart and if prices remain above the support of 4160-70, the advance wave could expand towards the 4272-77 zone. Below 4160, more of a drop could hit the market…
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The Dow managed to met the target of 47550 last week and broke above it. As we see over the Intraday chart, prices face supports at 47370 and 47090 and if the market holds above one of those supports, the advance wave could…
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Oil managed to pass above the first resistance of 59.00 as prices still face a downtrend resistance around 60.10. As we see over the chart and as long as the market holds below the above levels, another drop toward 57.60-80 could hit the…
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The pair dropped towards 154.33 so far. As we see from the Intraday chart and if the market holds below 156.50-70, the drop movement could expand toward 153.60-80 or 151.50, where each support has the chance to push for a rebound. Above…
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The met the target and resistance of 1.3360-70 and managed to print a few pips above it. As we see over the Intraday chart, prices face the chance for some a correction towards 1.3250-60 before advancing back again. Above 1.3385 more…
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Prices advanced above the downtrend line as we see from the previous chart which could push for further advance. The market is facing Intraday support around 1.1590, where as long as prices hold above it, the advance could continue toward…
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( FTSE ) UK 100 breaking lower ( FTSE ) UK 100 broke lower through its recent consolidation zone, with prices holding out for support. Stiff selling could be expected if price action drops below 9600, as previously trapped bulls would…
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