Technical Analysis

The market managed to test again the resistance of 4635. However, the Intraday chart shows the chance for a trading zone, if prices hold below 4635 with supports at 4560 and 4500. Each support has the chance to push the advance…
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Oil closed at target and resistance of 62.60 before dropping rapidly after President Donald Trump signalled that he might hold off on attacking Iran for now. As we see over the chart, prices still face support at 58.80, where if…
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USDJPY hit 158.95 and closed from the target at 159.85. As we see over the chart, the short-term outlook is towards the resistance zone of 160.20 - 161.95 as a potential risk to push the market for a correction towards 157.50 or…
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GBPUSD managed to print below the support of 1.3400 which could lead to more pressure over the market. As we see over the chart, prices face resistance around 1.3465-90, where as long as the market holds below it, more of a drop…
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EURUSD broke a Rising Wedge formation which could create some pressure towards 1.1490. As we see from the previous chart, prices still face a support zone at 1.1600 which could lead to another advance higher. Below 1.1600 more…
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Geopolitics has been driving markets, with surprise announcements affecting the forex market. Although there remain many geopolitical hotspots, from Greenland to the latest developments in the Fed investigation, developments in Iran are…
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USDCHF hits higher high The US dollar hit another peak, with price action poised to test the recent high. The pair continues to drive higher, with a series of swing highs suggesting persistent buying pressure. A decisive break past…
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The Dow managed to met the target zone at 49500-600. As we see from the previous chart, prices face an uptrend resistance channel around the 49800-50000 zone which led to a correction towards 48760. As long as the market holds above…
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The market managed to test again the resistance of 4635. However, the Intraday chart shows the chance for a trading zone, if prices hold below 4635 with supports at 4560 and 4500. Each support has the chance to push the advance higher.…
Read More

Oil closed at target and resistance of 62.60 yesterday before dropping rapidly after President Donald Trump signalled that he might hold off on attacking Iran for now. As we see over the chart, prices still face support at 58.80, where…
Read More