Technical Analysis

The Dow managed to resume the drop to close at the target and support of 48300-600. As we see over the chart and as long as market holds above 48300-600, a chance for a rebound could hit the market with resistances at 49150 and 49800-900.…
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Oil managed to rebound again towards the target 66.15 and above. As the tension between U.S. and Iran could return, the Oil market could face some volatility. As we see from the chart, prices could hold this uptrend channel as long as the…
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Gold managed to meet the target 5240. As we see over the Intraday chart, the market dropped after the target was met as indicators show support around 5122 which could keep the chance for more advance toward 5400. Below 5122 more of a…
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The pair retreated last week and managed to close from the first support at 152.00. The uptrend wave is still ongoing towards 160.20, as long as the market remains above 150.70-90. Below 150.70 more of a drop could hit the market with…
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GBPUSD managed to fell below the support of 1.3585 which could push for a further drop to test the support zone at 1.3380-99. As we see over the chart the support zone of 1.3380-99 could push for another rebound towards 1.3735 and above.…
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The Euro is still under pressure as we stated in the last few weeks as the target remains towards 1.1580. As we see over the Intraday chart, prices face the first resistance at 1.1860 while as long as the market holds trades it, the…
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AUDUSD keeps the high ground The Aussie's strength has kept the pair elevated as price action remains in a symmetrical triangle. The pair has recouped some losses from this month's sell-off after bouncing off the 0.7150 top, a sign that…
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USDJPY testing resistance The dollar continues to advance against most of its peers as prices look poised to complete a full reversal on the Yen pair. On the chart, prices have moved past the previous resistance at 154.00 as bulls strive…
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The Dow still holds inside the short-term uptrend channel. As we see from the Intraday chart, prices are facing resistance around 49800, where as long as the market remains below it, the downtrend pressure could continue towards…
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