Technical Analysis

The Dow managed to met the target of 49500-600 yesterday. As we see over the chart, prices face the uptrend channel resistance line around 49800-50000, which could push for a drop correction toward 48760. The market faces…
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Gold managed to met targets 4467, 4488 and still looks toward 4520. As we see over the chart, prices face supports at 4428-43 and 4388-98, where as long as the market holds above it, the advance could sustain towards 4520, 4550…
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Oil managed to hold below the downtrend line early today to drop and close towards the support of 54.80. As we see over the previous chart, if prices hold above 54.80, a chance for a rebound toward 57.05 and 58.00 could hit the…
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USDJPY still holds trades a trading channel. As we see over the chart and as long as the market holds above 156.10, another advance toward 157.30 and 157.75 will be expected. Below 156.10, the risk for a further drop towards…
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GBPUSD passed above the 1.3465 resistance which could lead to a further advance towards the 1.3610-40 zone. As we see from the chart, prices face intraday support at 1.3490, where if the market holds above it, the advance toward…
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The Euro managed to break a Rising Wedge formation which could cause a downturn towards 1.1490. As we see over the Intraday chart, prices still face a support zone at 1.1600-50, which could lead to an advance higher. Below…
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( US 30) The Dow breaks 49000 ( US 30) The Dow pushed higher as prices hit another record peak. The index is on its way towards 49500, starting the new year on the front foot. Some stiff resistance could be expected around 49200 due to…
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We still holding the same outlook for the Dow as the market is still holding above the 47600-700 support. As we see over the chart, the advance is still ongoing after last Friday’s drop toward 47817, as the market is still…
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Gold met the target of 4425-30 and managed to break above it. As we see over the chart, the market is closing towards the second target of 4467, which could lead to a correction with support at 4425-30. As long as the market…
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Oil managed to expand the rebound correction above the 57.05 resistance, towards 58.80 two weeks ago. As we see over the previous chart, the market is a facing resistance zone around 59.00-40, which could keep the market inside…
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