Technical Analysis

EURUSD hits resistance The dollar continues to keep its edge over the euro as prices hit another low. The pair is testing the current psychological area of 1.1600 after a heavy rejection. A bounce away from the 1.1650 level was already a…
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The Dow managed to rebound on the news that the Iran war could be nearing an end. As we see over the chart, the market could face resistances around 48100 and 48700-800, where each resistance could lead to a continuous drop, as…
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Gold managed to print above 5227 which could lead to a higher advance. Intraday prices show support around 5194 where as long as the market holds above it, the advance wave could expand toward the target of 5300. Below 5194 more…
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Crude Oil moved lower after a report on the proposed release of oil reserves to ease higher energy prices. As long as U.S administrators can convince traders that the war in Iran will end soon, prices could hold between 71.00 and…
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USDJPY hit the second target at 157.60. As we see over the chart, the market facing a grey zone at 158.00-159.45 which is considered as a resistance zone, which could maintain the risk for another drop wave towards 155.30-50 and…
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GBPUSD managed to move above 1.3435 which could lead to a further advance. As we see over the Intraday chart, the market is now testing a resistance trend around 1.3450-80 which could push for a drop as below 1.3400, more of a…
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The Euro hit a rebound as prices still facing resistance at 1.1655. As we see from the chart and if prices hold below the said resistance, the pressure will still affect the market for a further drop towards 1.1400. Above…
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(US 30) The Dow Jones looks for reprieve (US 30) The Dow Jones continues its choppy move higher amid hesitant sentiment. The 1000-point jump has been met with stiff resistance just below the daily resistance of 48000. With a bearish…
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After being whipsawed by the developments in the Middle East, markets could be relieved to deal with something relatively predictable: US inflation, normally the most important data release of the week. Consumer prices are top of mind for…
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