Technical Analysis

USDJPY breaking double top The dollar continues its bull rally as prices test the psychological level at 160.00. On the chart, the pair is testing a double top and looking to extend gains as traders close their gold positions and focus…
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The Dow managed to hit the target of 45700 to drop towards the support of 45135. As we see over the chart, the downtrend pressure is still affecting the market as long as the Dow holds below the resistance of 46900, as the…
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Gold added more of a drop yesterday as the market managed to hold above 4306 so far. As we see over the Intraday chart, a potential Head & Shoulder reversal is under construction which could lead to a rebound towards the…
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Crude Oil managed to pass above the resistance at 93.00 which could keep the advance wave going towards the target and resistance of 101.50 again. As we see over the chart, the market is facing supports at 94.75 and 91.50-92.50,…
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The pair hit a correction towards the target and support of 157.25-65 last week. The market is still holding a trading zone with resistances around 160.20 and 161.95 where each resistance could push for drop a toward the…
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The market managed to rebound after printing a low of 1.3217 two weeks ago. As we see from the previous chart, prices managed to meet the target of 1.3460-80 which could lead to a correction. Above 1.3485 more advance will be…
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THE Euro managed to hold trades inside a trading zone as expected last week. Prices still face pressure towards the 1.1200 zone with resistances at 1.1655. Below 1.1400 more of a drop toward 1.1200 will be expected. Above 1.1655 more…
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EURUSD hits resistance The euro pulled back from its recent rally after prices hit firm resistance. On the chart, a bounce away from the 1.1600 level suggests that a correction is due after a long bullish rally. The pair has moved over…
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The Dow managed to hit the target of 45700 to drop towards the support of 45135. As we see over the chart, the downtrend pressure is still affecting the market as long as the Dow holds below the resistance of 46900, as the…
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