Technical Analysis

As we see from the previous chart, the market is facing a resistance zone at 47215-450, where if the market holds below it, more of a drop will be expected with supports at 46300 and 45700. Above 47450 more advance will be expected with…
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Gold managed to fall below the support of 4996 and managed to print a low around 4967. As we see from the Intraday chart, a chance for a trading zone between support 4960 and resistance 5065 could hold the market. Below 4960 more of a…
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Crude Oil is still holding an uptrend wave with escalating tensions between US-Israel and Iran, The market has begun to absorb Trump's continued rhetoric regarding eliminating Iran and reopening the Strait of Hormuz, keeping the pressure…
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USDJPY managed to print above 159.45 which could push a further advance as the market still faces resistances around 160.20 and 161.95, where each resistance could push for a drop towards the 157.25-65 zone. Above 161.95, the market…
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The pair managed to rebound after printing a 1.3217 low last Friday. As we see from the Intraday chart, prices face a support trend around 1.3200, which could give the chance for a rebound towards 1.3460-80. The market rebounded…
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The Euro retreated from the resistance of 1.1655 and managed to close from the target and support of 1.1400 last Friday. The market is still facing pressure towards the 1.1200 zone with resistances at 1.1530 and 1.1655. Below 1.1400,…
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(USOIL) Crude aiming for $100 (USOIL) Crude fell lower as the $100 level seems to be a tough level to crack. A bounce away from the said zone indicated that sentiment remains subdued. With prices slipping lower, a hold at 92.00 is…
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EURUSD Awaits rate decision After last week’s high-impact news events, the euro succumbed to pressure and fell below 1.1500. With the Eurozone warning of higher inflation, officials warned of headwinds for the European economy, as this…
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As we see from the previous chart, the market is facing a resistance zone at 47215-450, where if the market holds below it, more of a drop will be expected with supports at 46300 and 45700. Above 47450 more advance will be…
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