Technical Analysis

USDJPY hit the target of 154.30-50 again. The market managed to break above the resistance zone of 154.50, which could set a new course towards the 156.70 and 158.80 zone. Below 152.80 more of a drop towards 149.35 could hit the…
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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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EURUSD continues recovery The Euro continues to grind higher as price action moves away from the 1.15 zone. As we approach the end of the trading week, the pair has found relief after finding support at the 1.1460 area. A previous…
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The Dow hit the first target of 48000 today. As we see over the chart, prices now have a chance for a correction towards the 47300 support, which could activate the advance again. Above 48000 more advance towards 48500 will be…
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Gold managed so far to hold a treading zone to test the 4100 support and is still facing a 4161 resistance. Above 4161, the chance for a further advance towards 4186 and 4225 is likely. Below 4100, more of a drop will be expected with…
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USDJPY hit the target of 154.30-50 again. The market managed to break above the resistance zone of 154.50, which could set a new course towards the 156.70 and 158.80 zone. Below 152.80 more of a drop towards 149.35 could hit the…
Read More

Oil dropped from the level of 62.60 and managed to print a low around 58.77 last week. As we see from the previous chart, prices face support around 58.50, which could lead to a rebound to re-test the 62.60 resistance. Below 58.50…
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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…
Read More