Technical Analysis

USOIL shifts higher Oil (USOIL) maintains its bullish stance as tensions in the Middle East escalate. A move above the major supply zone of 88.00 is a strong recovery signal with the ongoing shift in market mood. 90.00 is the…
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Dow still from technical perspective holding above uptrend Daily frame while managed to test support 52700-800 last week As we see over the chart and as long as market holding above 52640 the advance is likely toward 55000 and above…
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As we see over the Intraday chart, Gold is showing a triangle formation which could push for another drop towards 4380-85 and 4310-30. Each support has the chance to push for a rebound. Above 4470, the market could gain more strength for…
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Oil managed to hit a correction toward 79.40 before the market rebounded. As we see from the chart, prices seem to be building a triangle formation with resistance at 86.20-50 and support at 79.50-80. The market could hold…
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USDJPY managed to resume the advance to close from the resistance at 160.85. If prices remain below this resistance, a drop towards 159.10 and 158.00 is likely. Above 160.85 more advance is expected as traders need to have some…
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GBPUSD also managed to drop past the target of 1.3560. As we see from the chart, the Intraday support at 1.3520 could keep the chances for another rebound toward 1.3675. Below 1.3520 more of a drop is likely with support at…
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The Euro hit a correction towards the target and support of 1.1570. As we see from the chart and as long as the market holds above this support,  a rebound towards 1.1710 is likely. Below 1.1570 a further drop toward 1.1460-80…
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NZDUSD finds support The New Zealand dollar (NZDUSD) shares the same rhetoric as the Aussie, with a jump lower to begin its consolidation phase. A break above the key area of 0.5940 would suggest a strong bullish drive, and…
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The Dow from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 last week. As we see from the chart and as long as the market holds above 52640, the advance is likely to move above…
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Gold collapsed towards the target at 4525-50 after Warsh’s speech to expand the drop towards the second target at 4450. As we see from the Intraday chart, prices will face support zones at 4380-90 and 4310-40 where each level can…
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