Technical Analysis

Gold managed to break above the resistance of the uptrend channel which could initiate a new uptrend wave toward 5800. As we see over the chart, the Intraday support starts from 5190-200. Below these levels, more of a drop will…
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Oil held the trading zone between support 58.80 and resistance 62.60. Prices are closing again to the target and resistance of 62.60. As we see over the chart,  above 62.60 more advance will be expected toward 64.50 and 66.15.…
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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…
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GBPUSD another lower high Cable remained bullish as the dollar sell-off continues across the board. The price is poised to consolidate gains after firmly bouncing off the recent bottom at 1.3400. If there is a rejection at the said…
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The Euro met the target of 1.1960-90 and also managed to break higher. As we see over the chart, the market is facing a support zone at 1.1910-60, where as long as prices remain above it, more advance will be expected towards…
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USDJPY fell below 157.30-60 last Friday and managed to hit targets 155.60 and 154.35. As we see over the chart, the market is facing support at 153.60 which could give the chance for a move higher. Below 153.30 more of a drop…
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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…
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Gold managed to make the first test of the short-term potential trend line resistance around 5100-200. Intraday support starts from 4990 as a trading zone toward 5100-200 could hold the market. Below 4990 more of a drop will be…
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