Technical Analysis

UK 100 probes support The FTSE (UK 100) continues to fall as the worry over higher energy prices weighs heavily on investors. The latest downturn looks for support as profit-taking and bargain hunting send the index lower.…
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The Dow managed meet the target of 50520 and hit a correction. As we see over the chart, the market faces resistances around 51520 and 51870, where each resistance could add pressure for another drop. Above 51870 more…
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Gold still holds inside a trading zone while support remains around 4100-25 and resistance is at 4220-45. The market could hold this zone for some time while a break below or above could push for further movement in that direction.…
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Oil plunged below the support of 87.35 before prices rebounded as mounting attacks on tankers in the Middle East pushed oil prices higher. As we see over the chart, the market is facing a trading zone between support 86.00-50 and…
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USDJPY added more value above 157.85 as the drop pressure still overshadows the market as traders expect an intervention from the Bank of Japan. Intraday prices show resistances at 159.00 and 160.00, whilst a drop wave could hit the market…
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GBPUSD fell toward 1.3180 as market support remains at 1.3140-60. As long as the market holds above the support zone of 1.3140-60, a rebound towards the 1.3350-1.3400 zone is likely. Below 1.3140 more of a drop towards 1.3000 is likely.…
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The Euro is still hovering around the downtrend resistance line as more pressure still affects the market. As long as prices hold below the resistance of 1.1240-80 the drop pressure could continue towards the target and support of 11065,…
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EURUSD gaining lost ground The euro (EURUSD) looks for a continuation as the pair finds a bounce. The RSI’s shift to the neutral zone has drawn selling and buying interest as the euro tries to stabilise above 1.1200. 1.1230 is…
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The Dow managed meet the target of 50520 and hit a correction. As we see over the chart, the market faces resistances around 51520 and 51870, where each resistance could add pressure for another drop. Above 51870 more advance…
Read More

Gold still holds inside a trading zone while support remains around 4100-25 and resistance is at 4220-45. The market could hold this zone for some time while a break below or above could push for further movement in that…
Read More