Technical Analysis

AUDUSD stuck sideways The Australian dollar remains consolidated in a symmetrical triangle, with prices above the 70.00 level. A brief uptick could shift sentiment, and a lift back above 0.7100 is required as the RSI drifts into the…
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The Dow still holds inside the short-term uptrend channel. As we see from the Intraday chart, prices are facing resistance around 49800, where as long as the market remains below it, the downtrend pressure could continue towards the target…
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Gold broke above the resistance at 4945-70 yesterday which could lead to a further advance with resistance around 5045, which could create a trading zone toward 4950. Above 5045, a chance for an advance could hit the market with…
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Oil managed to hit the target of 66.15 a few weeks ago. The market managed to retreat on faded tensions between U.S and Iran, at least for now, whilst prices re-tested the support channel around 62.50. As the tension between U.S. and Iran…
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The pair retreated last week and managed to close from the first support at 152.00. The uptrend wave is still ongoing towards 160.20, as long as the market remains above 150.70-90. Below 150.70 more of a drop could hit the market with…
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GBPUSD managed to fell below the support of 1.3585 which could push for a further drop to test the support zone at 1.3380-99. As we see over the chart the support zone of 1.3380-99 could push for another rebound towards 1.3735 and above.…
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The Euro is still holding below the resistance zone of 11970-90 which could push for another drop with support at 1.1765. Above 1.1990 more advance will be expected with resistance at 1.2080. Below 1.1765, the downtrend pressure could…
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USDJPY stuck sideways The Yen’s surge over the dollar has now exhausted itself as prices remain in consolidation, a sign that the mood has remained cautious for the time being, and the recent low is a key support level. A bearish…
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