Technical Analysis

(SPX 500) The S&P 500 inches lower (SPX 500) The S&P 500 remained subdued even after a decent reading from the latest earnings report. As the index flirts with the 6900 level, the market is looking ahead to this week’s interest…
Read More

The Dow managed to restore strength after US president Donald Trump abandoned his tariff threat against Europe, easing trade-war concerns. As we see from the chart, the market is facing the first support around 48750 and if…
Read More

Gold hit the first target today at 5000 as the second target remains towards 5200. As we see over the chart, prices face supports at 5030 and 4960-65 as one of those supports could advance the wave towards the second target at…
Read More

Oil closed at target and resistance of 62.60 before dropping rapidly after President Donald Trump signalled that he might hold off on attacking Iran for now. As we see over the chart, prices still face support at 58.80, where if…
Read More

USDJPY fell below 157.30-60 last Friday and managed to hit targets 155.60 and 154.35. As we see over the chart, the market is facing support at 153.60 which could give the chance for a move higher. Below 153.60 more of a drop…
Read More

GBPUSD met the target of 1.3610-40 and broke above it. As we see from the chart, prices now face support around 1.3560-1.3610 which could keep the door open for an advance towards 1.3788 and 1.4000. Below 1.3560 more of a drop…
Read More

The Euro managed to break above the resistance of 1.1810 last Friday to add more advance on the market open. As we see over the chart and as long as the market holds above the 1.1730-60 support, more advance will be expected…
Read More

(EURUSD ) The euro hitting resistance (EURUSD ) The euro pulled higher after bouncing past the 1.1700 level. The pair is testing the mid-1.1750 area once again as price action attempts to get back on track. From the start of the year,…
Read More

(UKOIL) Brent crude takes a breather after bull run (UKOIL) Brent crude remains elevated amid concerns of tight global crude supplies. The increased hope of a resolution surrounding Greenland would reduce trade tensions between America…
Read More