Technical Analysis

The Dow managed to meet the target of 54000 and 54600 over the optimism over an Iran-USA deal. As we see over the chart and as long as the market holds above the first Intraday support of 54080, the advance could sustain toward 55000.…
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Gold managed to break the triangle formation above 4166 where managed to rally yesterday toward target 4200-20 while managed to add more advance 4300 As we see over the chart, market facing support zone at 4200-20 where as long as market…
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Crude Oil collapsed with the hopes over a deal between Iran and the USA to break below the 77.50 support. As we see from the chart, and as long as the market remains below 77.50, more of a drop is likely while support at 70.70 could lead…
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The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. As we see over the chart, we could see wide range of trading, first between 155.00 and the resistance of 158.05, as the market demands a…
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We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance. Below 1.3140 more of a drop is likely.…
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The Euro took advantage on the Intervention with the Yen to test the downtrend as we see from the chart, which in return pushed for a correction A trading zone between 1.1435 and 1.1560 could hold prices until one of the boundaries…
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USDCAD hits major resistance The greenback fell further as traders continue to digest the ongoing peace negotiations in the Middle East. The pair progressed lower, breaking through the 1.4050 level, ensuring that the bear…
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The Dow managed to meet the target of 54000 to pass above it with optimism over an Iran-USA deal. As we see over the chart and as long as the market holds above the first Intraday support of 54080, the advance could sustain toward 54600…
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Gold managed to hit the target of 4120 and is now testing the resistance zone of 4140-66, which could keep the market inside this Triangle formation. Above 4166 more advance is likely toward 4200-20 and 4380. SUPPORT…
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Crude Oil collapsed with the hopes over a deal between Iran and the USA to break below the 77.50 support. As we see from the chart, and as long as the market remains below 77.50, more of a drop is likely while support at 70.70 could lead…
Read More