Technical Analysis

USDJPY moving lower The Yen bounced back against the greenback as price action looks to erase all gains from the beginning of the month. A close below 157.00 indicates renewed selling pressure on USDJPY and could lead to a bearish…
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The Dow tested the resistance zone at 52700-800, which still holds the market lower. If prices hold below this resistance, a correction towards 51000 is likely. Above 52935, more advance toward 53700 is expected. SUPPORT…
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Crude Oil managed to pass above the resistance at 96.35 to reach the target of 98.50 and above. As we see over the chart, the market is facing a support zone around 95.40-96.35, which could keep the chance for more advance towards 101.35…
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Gold managed to hit a correction towards the target of 4065-80 so far. As we see over the chart, the market could continue inside this zone. Above 4235 more advance toward 4315 is likely. Below 4065 more of a drop toward 4000 is…
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USDJPY added more value above 157.85 as the drop pressure still overshadows the market as traders expect an intervention from the Bank of Japan. Intraday prices show resistances at 159.00 and 160.00, while a drop wave could hit the…
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GBPUSD met the target at the 1.3350-1.3400 zone. The market could hold this trading zone between support zone 1.3140-60 and resistance 1.3350-1.3400. Below 1.3140 more of a drop towards 1.3000 is likely. Above 1.3400 more advance…
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The Euro is still hovering around the downtrend resistance line as more pressure still affects the market. As long as prices hold below the resistance of 1.1240-80 the drop pressure could continue towards the target and support of…
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US 30 remains bullish The Dow (US 30) kept its cool after jumping over 600 points in the past few sessions. A move above 52500 has shaken out some bearish hands as buyers remain in the market. 52000 at the recent low is a…
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AUDUSD hits double top The Australian dollar (AUDUSD) continued its rally as the pair moved over 100 pips higher. Prices hope to find steady ground above 0.7000 after breaking the previous resistance. The next level at 0.7010…
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The Dow managed to meet the first target at 52400 as the market still faces the main resistance at 52700-800. As long as prices hold below this resistance, a drop toward 51000 is likely. Above 52800 more advance toward 53700 is…
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