Technical Analysis

The Euro fell below the support of 1.1610 which could create some more pressure over the market. Prices still face support at 1.1545, whilst the resistance zone at 1.1725-75 could create a trading zone while awaiting more signals.…
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EURUSD breaks lower The euro tumbled as the dollar gained some ground over its competitors. After a short-lived grind over 1.1700, a bearish breakout has seriously dented the bullish bias from the daily chart’s perspective. The next…
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Dow moved above 46700 as the market is still facing the 47000-100 resistance zone. Prices face a chance for a trading zone between support 46200-400 and resistance 47000-100. As long as the market holds above the support zone of…
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Gold managed to break above the resistance of 4280 yesterday and added more advance toward targets 4320 and 4370-80. As we see from the Intraday chart, prices tested the resistance of 4370-80 several times, while as long as the market…
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Last Friday, USDJPY print below the support at 149.75, which could lead a further drop. As we see over the Intraday chart, the market is facing resistance at 151.40-70, where as long as prices hold below it, the downward pressure could…
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Crude fell below the support of 57.60, which could lead for a drop towards 55.00-30. As we see over the Intraday chart, prices face a downtrend channel with resistance at 57.60, while support at 55.00-30 could create a trading zone.…
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GBPUSD managed to print above the resistance of 1.3320-60 last Friday, which placed mix signals over the upcoming projection. As we see over the Intraday chart, the market looks towards a trading zone between support 1.3320 and…
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EURUSD is closing into the support zone at 1.1610-30 today. As we see over the Intraday chart, prices still face a support zone at 1.1610-30. If prices remain above this zone, another advance toward 1.1775-85 will be expected. Below…
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AUDUSD waiting for direction The Australian dollar remains indecisive as its choppy consolidation phase continues. The pair has found a steady ground above 0.6450 as price action broke the previous resistance. The psychological level of…
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