Technical Analysis

GBPUSD hoping for support The pound remains under intense pressure after breaking the 1.3300 level, which has led to multi-month lows. The pair hopes to stage a bounce away from the psychological level of 1.3200 as the recovery theme…
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The Dow managed to meet the target at 47000. As we see over the Intraday chart, the market is facing a resistance zone at 47215-450, and if prices remain below it, more of a  drop will be expected with supports at 46300 and…
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Gold hit the target of 5060. As we see from the Intraday chart, the market is facing resistance around 5125-35, where as long as prices hold below it, another drop will be expected as support at 5030-40 could keep the chance for…
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Crude Oil passed above 94.85 which could initiate more advance towards 101.50. As we see from the Intraday chart, the market is facing supports at 91.95 and 89.05 which could keep the advance wave going towards 101.50 and above.…
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As we see over the chart, the market is facing a grey zone at 158.00-159.45 which is considered as a resistance zone, which could maintain the risk for another drop wave towards 155.30-50 and 152.00-50. Above 159.45 more advance…
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The pair managed to retreat from the resistance 1.3480 as the target is still towards the support of 1.3250-70. Below 1.3250 more of a drop could be available with support at 1.3000. Above 1.3480 more advance will be expected…
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The Euro managed to retreat from the resistance of 1.1655 whilst closing from the support at 1.1500 which could push for a rebound. As we see from the chart and if prices hold below the said resistance, the pressure will still…
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( UK 100 )the FTSE bounces off resistance ( UK 100 )the FTSE dropped almost 100 points amid lingering doubts about a global sell-off as the Middle East conflict rages on. A fall below the previous high of 10640 suggests that the…
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The Dow dropped as investors start to see how far is US President view is away from reality. Prices managed to meet the first target at 47000 as more of a drop could hit the market, depending on the Oil price behaviour. As long as the…
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