Technical Analysis

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…
Read More

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…
Read More

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…
Read More

As we see over the Intraday chart, GBPUSD managed to test the resistance of 1.3250-60 yesterday and held below so far. As long as the market remains below this resistance, the pressure could continue towards 1.2850. Above…
Read More

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 support at…
Read More

GBPUSD hits resistance The pound fell away from its recent rally as prices hit a firm resistance at 1.3270. A fall towards the first hurdle at 1.3200 has prompted some buyers to cover their positions. A continuous bearish run could…
Read More

(US 30) The dow jumps 600 points (US 30) The dow managed a steady comeback as prices broke above the 47000 level. As the RSI moves into the overbought area, the top of the latest consolidation spike makes it an important level to keep…
Read More

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…
Read More