Technical Analysis

( UK 100 ) The FTSE continues higher ( UK 100 ) The FTSE progressed as UK inflation fell sharply, fuelling the likelihood of a rate cut. The bounce to the recent high at 9800 has met some selling pressure as some buyers exited the…
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( US 30 ) The Dow looks for a fresh peak ( US 30 ) The Dow is stuck in consolidation as it nears another record high. A break above 48500 prompted short-term bears to exit, helping the market mood stabilise after the recent correction.…
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The Dow managed to hit the targets of 48000 and 48420 and added more advance. As we see from the previous chart, prices face a support zone around 48000-300 which was tested last Friday. If the market holds above this zone, then…
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Oil met the target of 57.60-80 and managed to push for a further drop. As we see over the chart, prices remain below the downtrend resistance line of 59.00, which could keep up the pressure over the market as support at 54.80…
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Gold dropped as prices trade inside the trading zone between support 4255-65 and resistance 4350-65. Below 4255 more of a drop could hit the market with supports at 4205 and 4160-70. Above 4381 more advance toward 4420 and above…
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XAGUSD bounces higher Silver looked to shrug off the recent sell-off as it establishes itself around the 63.00 area. The retracement might be an opportunity for the bulls to take a breather before breaking higher. The tip of a previously…
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USDJPY met the target of 154.90 and managed to hit a few pips below it. As we see over the chart, as long as the market remains above 154.45, another rebound toward 156.15 and higher could hit the market. Below 154.45 more of a…
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GBPUSD managed to break above the resistance of 1.3360-70 which could push for a further advance. As we see over the Intraday chart, prices face a support zone around 1.3280-99 which could cause a move towards targets 1.3470 and…
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Prices advanced above the downtrend line as we see from the previous chart which could push for further advance. The support trend is still around 1.1590, where as long as prices hold above it, the advance could continue toward…
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