Technical Analysis

The Euro retreated from the resistance of 1.1655 and managed to close from the target and support of 1.1400 last Friday. We also anticipated that a rebound from 1.1400 could hit the market as the first resistances are at 1.1510 and…
Read More

GBPUSD hoping for support The pound remains under intense pressure after breaking the 1.3300 level, which has led to multi-month lows. The pair hopes to stage a bounce away from the psychological level of 1.3200 as the recovery theme…
Read More

The Dow managed to meet the target at 47000. As we see over the Intraday chart, the market is facing a resistance zone at 47215-450, and if prices remain below it, more of a  drop will be expected with supports at 46300 and…
Read More

Gold hit the target of 5060. As we see from the Intraday chart, the market is facing resistance around 5125-35, where as long as prices hold below it, another drop will be expected as support at 5030-40 could keep the chance for…
Read More

Crude Oil passed above 94.85 which could initiate more advance towards 101.50. As we see from the Intraday chart, the market is facing supports at 91.95 and 89.05 which could keep the advance wave going towards 101.50 and above.…
Read More

As we see over the chart, the market is facing a grey zone at 158.00-159.45 which is considered as a resistance zone, which could maintain the risk for another drop wave towards 155.30-50 and 152.00-50. Above 159.45 more advance…
Read More

The pair managed to retreat from the resistance 1.3480 as the target is still towards the support of 1.3250-70. Below 1.3250 more of a drop could be available with support at 1.3000. Above 1.3480 more advance will be expected…
Read More

The Euro managed to retreat from the resistance of 1.1655 whilst closing from the support at 1.1500 which could push for a rebound. As we see from the chart and if prices hold below the said resistance, the pressure will still…
Read More

( UK 100 )the FTSE bounces off resistance ( UK 100 )the FTSE dropped almost 100 points amid lingering doubts about a global sell-off as the Middle East conflict rages on. A fall below the previous high of 10640 suggests that the…
Read More