Technical Analysis

The Dow managed to hold  above the trend support to rebound towards 49290 so far. As we see over the previous chart and if prices remain above 48300-600, the chance for a rebound correction is likely toward 49800-900. Below…
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Gold managed to hit a correction toward 5122 and dropped further towards 5094 before the market rebounded. We still see the advance wave ongoing as long as the market holds above 5094-5122 where the target is toward 5400-50.…
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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…
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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…
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GBPUSD managed to fall 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 previous chart, the support zone of 1.3380-99 could push for another rebound towards…
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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,…
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(USOIL )oil hits resistance (USOIL )oil halted its latest rally as talks between the U.S and Iran continue. The price action is grinding the monthly high towards 67.00, as a breach could trigger an extended rally in the medium term.…
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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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