Technical Analysis

The Euro hit a rebound as prices still facing resistance at 1.1655. As we see from the chart and if prices hold below the said resistance, the pressure will still affect the market for a further drop towards 1.1400. Above…
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(US 30) The Dow Jones looks for reprieve (US 30) The Dow Jones continues its choppy move higher amid hesitant sentiment. The 1000-point jump has been met with stiff resistance just below the daily resistance of 48000. With a bearish…
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After being whipsawed by the developments in the Middle East, markets could be relieved to deal with something relatively predictable: US inflation, normally the most important data release of the week. Consumer prices are top of mind for…
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The Dow managed to rebound on the news that the Iran war could be nearing an end. As we see over the chart, the market could face resistances around 48100 and 48700-800, where each resistance could lead to a continuous drop, as…
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Gold managed to hold trades below the support zone of 4994-5025 to rebound towards 5186 so far. The market still has room for a further advance to test the resistance zone of 5206-27, which could push for a correction. Above…
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Crude Oil fell as President Donald Trump signalled the Iran war may be nearing an end. As we see over the Intraday chart, the market is facing a support trend around the 80.00-81.00 zone, which prices managed to test yesterday.…
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USDJPY hit the second target at 157.60. As we see over the chart, the market 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…
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GBPUSD is still holding below the resistance trend around 1.3380-1.3435. As long as the market holds below it, the drop pressure could continue toward 1.3000. Above 1.3435 the market could gain more strength to move towards…
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The Euro hit a rebound as prices still facing resistance at 1.1655. As we see from the chart and if prices hold below the said resistance, the pressure will still affect the market for a further drop towards 1.1400. Above…
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EURUSD on the comeback trail The Euro bounced back after weeks of declines, sending the pair to multi-month lows. As the RSI developed a bullish divergence, prices reversed the trend, moving away from the 1.1515 bottom as more buyers…
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