Technical Analysis

The Dow managed to hit the target of 45700 to drop towards the support of 45135. As we see over the chart, the downtrend pressure is still affecting the market as long as the Dow holds below the resistance of 46900, as the trading zone…
Read More

Crude Oil hit the target of 101.50 before prices dropped rapidly as Trump promoted more lies about an imminent agreement with Iran. ِAs we see over the chart, the market is facing a resistance zone at 91.50-92.50 which could maintain the…
Read More

Gold added more of a drop this week while managing to test the downtrend channel support around 4100. As we see over the chart, the market is facing a trading zone between resistance 4535 and support 4100. Below 4100, more of a drop could…
Read More

The pair hit a correction towards the target and support of 157.25-65 last week. The market is still holding a trading zone with resistances around 160.20 and 161.95 where each resistance could push for drop a toward the 157.25-65 zone.…
Read More

The market managed to rebound after printing a low of 1.3217 two weeks ago. As we see from the previous chart, prices managed to meet the target of 1.3460-80 which could lead to a correction. Above 1.3485 more advance will be expected…
Read More

THE Euro managed to hold trades inside a trading zone as expected last week. Prices still face pressure towards the 1.1200 zone with resistances at 1.1655. Below 1.1400 more of a drop toward 1.1200 will be expected. Above 1.1655 more…
Read More

AUDUSD bouncing back The Australian dollar continues its fightback as the greenback loses momentum. A bounce at the daily support of 0.6960 has put the Aussie back on the front foot. As prices head for the next swing high at 0.7130, the…
Read More

EURUSD getting back on track The pair flirts with the 1.1600 area as investors digest last week’s inflation data. With the Fed and the ECB holding their rates, all eyes will now turn to inflation data as global economies assess the…
Read More

GBPUSD tests key support Cable paused the recent rally as price action was rejected at the 1.3460 area. On the chart, the pair is testing a fresh low, with the previous swing high a key level for bulls to target should another push to…
Read More