Technical Analysis

As we see over the chart, the Dow is still facing several supports while Indicators showing weakness over the market. However, the uptrend channel support zone at 47780-48100, could lead to a rebound. Below 47780 more of a drop toward…
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Gold printed a  4400 low yesterday closing from a key support at 4380 before the market rebounded. Gold is still under pressure over the Intraday trading levels, where as long as prices remain below 4940, the chance for another drop swing…
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Oil managed to hit the target  of 66.15 last Friday. The market opened with a downward gap as the U.S. stopped the attack on Iran for now. As the tension between U.S. and Iran could return, the Oil market could face some volatility. As…
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Prices managed to fall below the support of 153.50-60 which could push for a further drop to test the 150.70-90 support trend which could lead to a rebound. The uptrend wave is still ongoing towards 160.20, as long as the market remains…
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Cable held above the 1.3560-1.3610 support to meet the first target of 1.3788 as more advance towards the second target 1.4000 is still expected. Below 1.3560 more of a drop will be expected with supports at 1.3400 and 1.3340.…
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The Euro printed below the support of 1.1800 which could push the market for a further drop. As we see over the chart, the market is facing resistance around 1.1880, where as long as prices remain below it, the downtrend pressure could…
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EURUSD falls from peak The euro drifted lower as a dramatic price swing added over 200 pips to the dollar. The pair is holding onto the 1.1850 level, which is now critical support. The downbeat mood could continue to attract selling…
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As we see over the chart, the Dow is still facing several supports while Indicators showing weakness over the market. However, the uptrend channel support zone at 47780-48100, could lead to a rebound. Below 47780 more of a…
Read More