Technical Analysis

As we see from our previous chart, USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing. Prices fell toward 160.50-70 on the suspected intervention before bouncing back.…
Read More

GBPUSD managed to pass above the resistance of 1.3430 to meet the target of 1.3510 and above. As we see from the chart, a chance for a trading zone between support 1.3320-50 and resistance 1.3555 could hold the market. Above…
Read More

EURUSD is still holding above the Intraday support at 1.1380 while managing to advance toward 1.1481 so far. Traders need to watch the support of 1.1380 as the market still has a chance to move higher. Below 1.1380 more of a…
Read More

XAGUSD (The Silver) finds a bounce XAGUSD (The Silver) halts the ongoing bearish rally as the recent pullback is hampering efforts of a further drop. The precious metal slightly licks it wounds by testing the support of 55.00.…
Read More

The Dow passed above 53000 and then reversed after President Donald Trump declared the ceasefire between the US and Iran over. If the escalation continues, we could witness more drop pressure over market with supports at 51290 and…
Read More

Gold holds below 4100 while maintaining the drop pressure over the market. As we see from the chart, prices face support around 3940-45 with resistances at 4017 and 4050-60 which could hold a trading zone. Below 3940 more of a drop could…
Read More

Our previous outlook still stands for Crude Oil. As we see over our previous chart, Oil managed to meet the target at 79.20 and pass above it. Prices still have room for further advance as war escalates in the Middle East. Support zone…
Read More

USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing. Prices fell toward 160.50-70 on the suspected intervention before bouncing back. Traders should take precautionary…
Read More

GBPUSD managed to pass above the resistance of 1.3430 to meet the target of 1.3510 and above. As we see from the chart, a chance for a trading zone between support 1.3320-50 and resistance 1.3555 could hold the market. Above…
Read More

EURUSD is still holding above the Intraday support at 1.1380 while managing to advance toward 1.1481 so far. Traders need to watch the support of 1.1380 as the market still has a chance to move higher. Below 1.1380 more of a drop could…
Read More