Technical Analysis

Oil managed to hit a correction toward 79.40 before the market rebounded. As we see from the chart, prices seem to be building a triangle formation with resistance at 86.20-50 and support at 79.50-80. The market could hold…
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USDJPY managed to resume the advance to close from the resistance at 160.85. If prices remain below this resistance, a drop towards 159.10 and 158.00 is likely. Above 160.85 more advance is expected as traders need to have some…
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GBPUSD also managed to drop past the target of 1.3560. As we see from the chart, the Intraday support at 1.3520 could keep the chances for another rebound toward 1.3675. Below 1.3520 more of a drop is likely with support at…
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The Euro hit a correction towards the target and support of 1.1570. As we see from the chart and as long as the market holds above this support,  a rebound towards 1.1710 is likely. Below 1.1570 a further drop toward 1.1460-80…
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XAUUSD testing $3400 Gold (XAUUSD) remains pressured after the Jackson Hole Symposium left more questions the answers. A bounce below 4500 has prompted buyers to cover, easing the upward fightback. The direction remains skewed…
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The Dow from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 last week. As we see from the chart and as long as the market holds above 52640, the advance is likely to move above 55000. Below…
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Gold remains inside a downtrend channel formation which is still giving the chance for another drop to test the support of 4525-50. As we see from the chart and as long as prices hold below 4620, a drop could hit the market before the…
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Crude Oil managed to test the downtrend line around 87.60 which has so far managed to hold prices. As we see from the chart, this downtrend resistance could push for a wider drop towards the 67.00-68.00 zone. Above 87.60 more advance…
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The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. USDJPY managed to print above the 158.05 resistance which indicates a wider range for rebound towards the 160.85 resistance. Starting from…
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GBPUSD also managed to hold below the resistance of 1.3675 while managing to hit  a correction to move towards the target and support at 1.3560. As long as the market holds above the 1.3560 support, the advance scenario could return.…
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