Technical Analysis

The Dow managed to meet the target of 47550 last week and managed to break above it. As we see over the Intraday chart, prices face supports at 47370 and 47090, and if the market holds above one of those supports, the advance…
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Gold met the target of 4245 today and moved higher. As we see over the Intraday chart, prices face support around 4205. If the market holds above it, a further advance is expected to test the 4272-78 resistance zone, which…
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Crude Oil passed above the first resistance of 59.00 as the market still faces downtrend resistance around 60.10. As we see over the chart and if prices hold below the said resistances, then another drop towards 57.60-80 could…
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Prices met the target of 156.70 while more advance towards the second target 158.80 is promising. As we see from our previous chart, the market managed to test the support of 153.65 before advancing towards the first target of…
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As we see over the Intraday chart, GBPUSD managed to test the resistance of 1.3250-60 last week and held below so far. As long as the market remains below this resistance, the pressure could continue towards 1.2850. Above…
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The Euro managed to fall below the support of 1.1665 which restored the pressure again on the market. As we see from the previous chart, and as long as the market holds below 1.1635-55, the drop pressure could continue with…
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(UK 100) The FTSE in recovery (UK 100) The FTSE inched higher as traders digested the recent UK Autumn budget announcement. A move above the daily resistance of 9650 invalidated the reversal attempt, putting sellers on the defensive.…
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Gold passed above 4175-85 with signs that more advance is still to come. As we see over the chart and if prices hold above the support at 4140-60, the advance wave could continue with resistances at 4245 and 4270. Below…
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Prices passed above the resistance of 46850 to test 47550. As we see over the chart, prices face resistance around 47550, which could push for a correction toward 46850, before advancing back again. Below 46850 more of a…
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The market managed to rebound and is now testing the 59.00 resistance zone As we see over the chart and as long as the market remains below the 59.00 resistance, the drop pressure could sustain to hit another low below 57.00…
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