Technical Analysis

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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The Euro held below the resistance of 1.1710 and dropped further to close from target and support at 1.1570. This support zone of 1.1570 could keep the advance scenario ongoing over the market. Above 1.1710 more advance is expected with…
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EURUSD moving lower The euro(EURUSD) remains under pressure as the pair slides away from the 1.1700 level. The dollar has moved over 50 pips from the beginning of the week as all eyes are now on the Jackson Hole Symposium. As…
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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 fell below the first support at 4595 as the market is still trying to test the second support at 4550. As we see from the chart and as long as prices remain above the support of 4550, the advance scenario is likely to move towards…
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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…
Read More