Technical Analysis

There is a near-unanimous consensus that the BOE will keep rates unchanged at the end of its meeting on Thursday. However, there are several key data points coming out the day before and just hours ahead that could change the outlook on the…
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The Dow managed to test the resistance zone of 52000-200 which could lead to a potential Rising Wedge formation that can create a correction scenario. Above 52200 a chance for further advance toward 53000 is likely. …
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Our previous outlook for the Precious Metal still stands. Gold managed to start to test the resistance zone of 4350-80 yesterday. The market could hold a trading zone between supports 4280 and 4245 while resistance zone remains at…
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Crude Oil managed to break below the support of 76.00 as the agreement between Iran and US remains valid. As mentioned before that below the 76.00 level, the prices will go towards the 68.00 zone which are the pre-war price levels. The…
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Our previous outlook for USDJPY still stands, as the pair continues to test the 160.20–160.60 resistance zone. Traders are closely watching this area, as the last time the market reached it, the Bank of Japan warned about possible…
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Our previous outlook for GBPUSD still stands, as the pair has held above the 1.3280 support level. GBPUSD managed to hold above 1.3280 and has rebounded toward 1.3500 a few weeks ago. As shown on the chart, the market is supported by a…
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Our previous outlook still stands as the market managed to drop toward 1.1575. The pair managed to rebound further as the market was relieved by Iran/US deal. Prices are still facing the resistance zone of 1.1650-90 which is a tricky zone…
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Intraday analysis covering USDCHF finds support, EURGBP, and XAUUSD, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. USDCHF finds support The US dollar continues its…
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The Dow managed to add more advance after the weekend price gap to closing towards a potential Rising Wedge formation that can create a correction scenario. Above 52200 a chance for further advance toward 53000 is likely. SUPPORT…
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Our previous outlook for the Precious Metal still stands. Gold managed to start to test the resistance zone of 4350-80 yesterday. The market could hold a trading zone between supports 4280 and 4245 while resistance zone…
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