Technical Analysis

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…
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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…
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The Euro passed above the 1.1585 resistance level as the market closed from the downtrend line which is now around 1.1610. If this trend managed to halt the price progression, a correction towards 1.1500 is likely. Above 1.1610, the…
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EURGBP awaits breakout The euro attempts a comeback after being stuck in a downtrend for most of this month. Sentiment has improved after a spike led to a break past the 0.8800 level. The pair is now focusing on the next target at the…
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As we see from the previous chart, prices managed to test the support zone at 46400-650 last Friday, which led to a rebound as the market moves closer to the target and resistance of 47450. The resistance at 47450 could push for a drop…
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Market managed to hit some drop correction from resistance 62.60 while managed to print low around 58.77 last week As we see over our previous chart, market facing support around 58.50 which if managed to support the market a rebound…
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