Technical Analysis

EURGBP holds onto gains The euro slipped further after falling away from its previous weekly high. A decisive break below the daily support at 0.8800 suggests sellers are targeting an extended rebound. 0.8760 is the upcoming target, and…
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The Dow managed to pass above the resistance at 46850 to move closer to the target of 47350. As we see over the chart, prices face resistance around 47550, which could push for a correction toward 46850, before advancing back…
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Gold is moving towards a Triangle formation resistance which is now around 4175-85. This resistance could lead to another drop as support at 4090-4100 is still protecting the advance wave. Below 4090 more of a drop towards the…
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Crude Oil managed to fall below 58.15 yesterday which kept the pressure on prices so far. 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…
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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 156.80. If…
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As we see over the Intraday chart, GBPUSD is closing towards the resistance 1.3250-60 which if managed to hold below it, the downtrend pressure could move towards 1.2850. Above 1.3260 more advance to test the 1.3370 resistance…
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As we see over the Intraday chart, the Dow is facing resistance around 46850, which is keeping pressure on market. If prices hold below the said resistance, then the drop pressure could sustain towards the 45700-900 support zone, which…
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Gold passed above the resistance of 4110 yesterday which could push for a further advance. As we see over the chart, the market is facing s support trend around 4090-4100 which could create a trading zone towards 4186-90.…
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Crude Oil managed to pass above 58.40 which could begin a small trading zone between support 58.15 and resistance 59.25-35, which also could expand towards the trend resistance level at 60.10. Below 58.15 a drop towards 56.00 is likely.…
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