Technical Analysis

Crude Oil still holding above the support at 95.40-90 which keeps the advance wave ongoing. Below 95.90 more of a drop is likely with supports at 92.70 and 89.85 could in turn activate this advance wave. Targets remain toward 105.20 and…
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US 30 remains pressured The US 30 retreats after falling another 500 points as indices across the board lick their wounds. The mood around the US 30 remains cautious, with 51500 becoming a critical support. A drift below 52000…
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The Dow Jones managed to meet targets 51480 and 51290. As we see over the chart and as long as the market holds above 51180, a rebound towards 52275 and 52700-800 is likely. Below 51180 more of a drop could hit the market while support at…
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Gold still holding inside the Falling Wedge formation which indicates another rebound wave toward 4510 is under construction. Support zone is at 4230-50 and 4200 while resistance remains at 4350-70. The market could hold inside this…
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Crude Oil is still holding above support 95.90 with the advance wave ongoing. Below 95.90 more of a drop is likely with supports at 92.70 and 89.85 could in turn activate this advance wave. Targets remain toward 105.20 and 108.55.…
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USDJPY moved higher to close towards the resistance zone at 156.75-157.40. As we see over the chart the market is facing a support zone around 153.90-154.40, where as long as prices hold above it, a chance for more advance towards the…
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GBPUSD seems building a downtrend channel where market support is around 1.3370 and resistance at 1.3500. As we see over the chart, the market could hold this trading channel. Below 1.3370 more of a drop toward 1.3280 is likely. Above…
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XAUUSD clawing back losses XAUUSD continues to grind higher, with a slight pullback caused by the recent interest rate hike. A break above the daily resistance of 4300 indicates that XAUUSD sentiment remains bullish. The…
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The Dow managed to break below a short-term uptrend which could lead to a further drop. As we see over the chart, the market is facing resistances at 52700-800 and 53340, where as long as prices hold below one of those levels, more of a…
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Gold managed to hit a rebound toward 4341 to close from the target and resistance zone of 4350-70. As we see over the chart, the market still holds inside a Falling Wedge formation with support at 4250-60 and resistance at 4350-70.…
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