Technical Analysis

Gold managed to pass above the resistance of 4050-60 with signs of more advance yet to come. As we see from the chart, prices face support around 4020-40, where as long as prices hold above, more advance towards 4100 and 4200 will be…
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Crude Oil gained further steps with Middle East tensions as prices are moving towards the target and resistance zone of 85.50-87.50. This resistance zone could push for a correction towards the 80.00-82.00 zone. Above 87.50 more…
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As we see from our previous chart, USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing. Prices fell toward 160.50-70 on the suspected intervention before bouncing back.…
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GBPUSD managed to pass above the resistance of 1.3430 to meet the target of 1.3510 and above. As we see from the chart, a chance for a trading zone between support 1.3320-50 and resistance 1.3555 could hold the market. Above 1.3555 more…
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EURUSD is still holding above the Intraday support at 1.1380 while managing to advance toward 1.1481 so far. Traders need to watch the support of 1.1380 as the market still has a chance to move higher. Below 1.1380 more of a drop…
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USDCHF stuck sideways The US dollar remains bullish after bouncing over 50 pips from last week’s reversal. The next step now is to break the new resistance at 0.8150 before a full rebound can materialise. A failure to break…
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UKOIL(Brent) spiking higher UKOIL(Brent) has surged in recent sessions after jumping over $10 last week. Geopolitical tensions have heightened as the US announced it has completed the latest round of military strikes. In…
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The Dow passed above 53000 and then reversed after President Donald Trump declared the ceasefire between the US and Iran over. If the escalation continues, we could witness more drop pressure over market with supports at 51290…
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Gold holds below 4100 while maintaining the drop pressure over the market. As we see from the chart, prices face support around 3940-45 with resistances at 4050-60 which could hold a trading zone. Below 3940 more of a drop could…
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Crude Oil gained further steps with Middle East tensions as prices are moving towards the target and resistance zone of 85.50-87.50. This resistance zone could push for a correction towards the 80.00-82.00 zone. Above 87.50 more…
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