Technical Analysis

USDCAD at a crossroads The greenback continues to gain ground over an underwhelmed Canadian dollar. The pair has moved over 100 pips since the pair rallied above the 1.3600 zone. A brief bounce and a close above the immediate hurdle at…
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The Dow still holds inside the short-term uptrend channel. As we see from the Intraday chart, prices are facing resistance around 49800, where as long as the market remains below it, the downtrend pressure could continue towards the target…
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Gold held below the resistance of 5035 and managed to fell below the support 4974 and print a low around 4922 so far. As we see over the chart, the intraday levels and downtrend pressure remains ongoing as long as the market holds below…
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Oil managed to hit the target of 66.15 a few weeks ago. The market managed to retreat on faded tensions between U.S and Iran, at least for now, whilst prices re-tested the support channel around 62.50. As the tension between U.S. and Iran…
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The pair managed to test the first resistance at 157.60-90 which led to a correction to close towards the 152.00 support from last week. Downtrend risk is facing supports at 152.00 and 150.70-90. The uptrend wave is still ongoing towards…
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GBPUSD also managed to pass above the resistance trend, while as long as the market holds above the 1.3585-1.3620 support, the advance could sustain toward 1.3735 and 1.3870. Below 1.3585 more of a drop towards the 1.3380-99 support zone…
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The Euro is still holding below the resistance zone of 11970-90 which could push for another drop with support at 1.1765. Above 1.1990 more advance will be expected with resistance at 1.2080. Below 1.1765, the downtrend pressure could…
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EURUSD hitting rejection The dollar struggles to maintain its dominance over the euro as trade-war rumours quiet down. The pair broke the 1.1900 level before moving lower, suggesting a deceleration in momentum. Support could be met with…
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