Technical Analysis

Oil managed to hit the target of 57.60-80 yesterday which caused a rebound. Prices could hold this trading zone while below 57.50, more threat for a drop toward 56.00 and 54.80 is likely. Above 60.10-30 more advance towards the 62.60…
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USDJPY dropped towards the second support zone at 155.50-60. As we see over the Intraday chart and if prices hold above this support, then another advance towards 157.10-20 and 158.80 will be expected. Below 155.50 more of a…
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The market met the target and resistance of 1.3360-70 and managed to drop before re-testing this zone again. As we see over the Intraday chart, prices face the chance for some a correction towards 1.3250-60 or 1.3180-1.3210 where each…
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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 1.1820.…
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USDJPY remains bullish Consumer dollar remains in control of the pair, even though the recent rally took a breather. Coming off its multi-week high at 157.00, the pair is consolidating just under that level. A reversal would confirm…
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The Dow managed to met the target of 47550 last week and broke 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 wave could…
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Prices dropped to test the support zone of 4160-70 again. As we see over the chart and if prices remain above the support of 4160-70, the advance wave could expand towards the 4272-77 zone. Below 4160, more of a drop could hit…
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Oil managed to pass above the first resistance of 59.00 as prices still face a downtrend resistance around 60.10. As we see over the chart and as long as the market holds below the above levels, another drop toward 57.60-80 could…
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USDJPY now has the chance to sustian this advance wave as long as the market holds the supports. As we see over the chart, the market is facing supports at 156.40 and 155.50-60, where each one could push for an advance towards 158.80.…
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The market met the target and resistance of 1.3360-70 and managed to print a few pips above it. As we see over the Intraday chart, prices face the chance for some a correction towards 1.3250-60 or 1.3180-1.3210 where each one of…
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