Technical Analysis

USDCHF tests crucial floor The US dollar had a slight spring in its step as price action bounced away from the recent low. The pair is heading towards consolidation as sentiment remains mixed about the dollar's path following the recent…
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Gold managed to meet the first target at 5500 as prices look for the second target at 5800. As we see over the Intraday chart, prices face supports at 5500 and 5445 whilst the target is still towards 5600 5700 and 5800. Below 5445 more of…
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The Dow managed to restore strength after US president Donald Trump abandoned his tariff threat against Europe, easing trade-war concerns. As we see from the chart, the market is facing the first support around 48750 and if prices hold…
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Oil managed to hit the target at the 62.60 zone and  broke above it as the advance wave is still ongoing toward targets 64.50 and 66.15. The first Intraday support zone starts from 62.00-60. Below 57.50 more of a drop toward 55.60 will be…
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Prices managed to fall below the support of 153.50-60 which could push for a further drop to test the 150.70-90 support trend which could lead to a rebound. Below 150.70 more of a drop could hit the market with support at 149.35. Below…
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Cable held above the support of 1.3560-1.3610 and managed to hit the first target of 1.3788 as more advance towards the second target is 1.4000 still expected. First Intraday support is at 1.3770. Below 1.3560 more of a drop will be…
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Indicators still show a continuous uptrend wave as the pair is still protected by two supports. The first one at 1.1910 and the second 1.1800. Target still towards 1.2260-1.2350. Below 1.1800 more of a drop will be expected with support…
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USDJPY breaking the barrier The Japanese yen strengthened further after moving away from the recent top at 159.00. On the chart, the pair is still in a recovery mode, and the rebound is now taking on its first hurdle at 152.00 near the…
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The Dow managed to restore strength after US president Donald Trump abandoned his tariff threat against Europe, easing trade-war concerns. As we see from the chart, the market is facing the first support around 48750 and if…
Read More