Technical Analysis

NZDUSD tests critical floor The New Zealand dollar hit a fresh low as prices gave up most of yesterday’s gains. The pair is struggling to hold as the RSI attempts to move away from oversold territory. The support-turned-resistance at…
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USDCHF testing resistance The Dollar continues the rally after moving over 100 pips in recent sessions. The pair is now testing the 0.8000 resistance level, which has become a firm psychological target. A jump above this level has led…
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AUDUSD heading south The Aussie continues to bounce lower as prices remain in a bearish channel. The pair has completed a full reversal of the early November rally that saw prices reach the 0.6580 level. However, the low of the rebound…
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The Dow retreated below the support of 46400, which could create some pressure over the Intraday prices as the market still faces the support trend around 46250. As we see from the chart, a chance for a trading zone between support 46250…
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Gold broke below 4045 yesterday and managed today to test the target and support zone of 3995-4000. As we see from the chart, a trading zone between support 3995-4000 and resistance 4055-65 could hold the market. Above 4065 more…
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Crude Oil managed to break above 58.80 last week to advance and test the resistance trend around 60.50-70. As we see over the chart, prices still face resistance at 60.50-70, which could push for a correction with supports at 59.15 and…
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The pair managed to hit the target of 154.30-50 and broke above this resistance zone, which could set a new course towards 156.70 and 158.80. As we see from our previous chart, the market tested support at 153.65 last Friday before a…
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GBPUSD moved below the support of 1.3140, which could lead for a downtrend break towards 1.2850. As we see from the chart, the market is facing a resistance zone at 1.3240-90, where if the market holds below it, the downtrend pressure…
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The Euro managed to break above 1.1610 which could lead to a further advance. As we see over the Intraday chart, the market is facing a support zone at 1.1565-80. If prices remain above this area, then the advance wave could sustain…
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