Technical Analysis

USDJPY managed to resume the drop as traders anticipate a rate hike from the Bank of Japan next week. The market faces support around the 152.00-15 zone while resistance at 155.00-20 could lead to a trading zone here. Below…
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Intraday levels show possible support around 1.3475 which could support the market in the short-term. As we see from the chart, prices face supports at 1.3475 and 1.3400 where each support could lead to an advance toward 1.3675.…
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The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week. As we see from the chart and as long as the market holds above this support,  a rebound towards…
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UK 100 grinding higher The FTSE (UK 100)continued its comeback as progressive bullish waves moved towards 11000. A close above 10800 is another milestone in the week-long rebound. However, a potential bearish RSI divergence…
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The Dow remains from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 in the few last weeks. As we see from the chart and as long as the market holds above 52640, the advance is…
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Gold managed to fell below the support of 4440 last Friday on US labour data. As we see over the chart, the Intraday levels show resistance at the 4440-60 zone, where as long as the market hold below it, the drop pressure could…
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Oil managed to break above the triangle formation resistance at 86.50 to add more advance towards the 91.00 zone as war escalates in the Middle East. As we see over the chart, the market faces supports at 87.00 and 85.00 where…
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USDJPY resumed the drop to test the support at 155.00-20 again last week. As we see over the chart, the support at 155.00-20 could lead to a rebound with resistance at 157.40. Below 155.00 more of a drop is likely with support…
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Intraday levels show possible support around 1.3475 which could support the market in the short-term. As we see from the chart, prices face supports at 1.3475 and 1.3400 where each support could lead to an advance toward 1.3675.…
Read More

The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week. As we see from the chart and as long as the market holds above this support,  a rebound towards…
Read More