Technical Analysis

The Dow managed yesterday to hit around 80 pips above the resistance at 46600, as the market moved back to hit the daily close, which was a sign of a false break. We still holding our previous outlook for Dow that if prices…
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Gold met the target of 4235 and price action looks to be building a Rising Wedge formation, which is considered to be a challenge for the uptrend wave. So far, the market is showing the chance for a trading zone between 4200…
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As we see over the previous chart, prices face the chance for a trading zone between support 57.60 and resistance 59.80-60.25. The market managed to hit this rebound correction toward 59.00 yesterday. Below 57.60 the…
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USDJPY fell below the first support at 150.90 as the market still faces a second support around 149.75. As we advised before and if the market holds above the support of 149.75, the advance wave could sustain toward the target…
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The pair managed to re-test the resistance zone at 1.3420-60 today. As we see over the previous chart, and as long as the market holds below the resistance zone of 1.3420-60, the drop pressure could continue. Prices facing a…
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Euro passed above the resistance of 1.1650 earlier today, while as we see over the chart prices still face the 1.1700-20 resistance zone. The market could head for a trading zone between the 1.1610-30 support and 1.1700-20…
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USDCAD tests fresh lows The dollar progressed further as the bull rally continues to pace toward a fresh high. A break above 1.4000 was a strong bullish signal, forcing the remaining sellers to cover and paving the way for a continuation…
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The Dow fell below the support of 46100 last week and managed to accelerate the drop movement toward 45135 before prices rebounded on Trump’s announcement over China. As we see over the chart, prices face resistance around…
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