Technical Analysis

( USOIL ) WTI tests major support ( USOIL ) WTI held ground after repeated tests at the recent support of 57.70. After the black gold sank below 59.00, the latest rebound attempts have struggled to gain traction with 59.00 firmly…
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As we see over the Intraday chart, prices are still holding above supports 47370 and 47090, where as long as the market remains above one of those supports, the advance wave could continue towards 48000 and 48420. Prices managed to hit…
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The market managed to hit a correction to test again the support zone at 4160-70. As we see over the chart and if prices remain above the support of 4160-70, the advance wave could expand towards the 4272-77 zone. Below 4160, more of…
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Oil managed to hit the target of 57.60-80 yesterday which caused a rebound. Prices could hold this trading zone while below 57.50, more threat for a drop toward 56.00 and 54.80 is likely. Above 60.10-30 more advance towards the 62.60…
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USDJPY dropped towards the second support zone at 155.50-60. As we see over the Intraday chart and if prices hold above this support, then another advance towards 157.10-20 and 158.80 will be expected. Below 155.50 more of a…
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The market met the target and resistance of 1.3360-70 and managed to drop before re-testing this zone again. As we see over the Intraday chart, prices face the chance for some a correction towards 1.3250-60 or 1.3180-1.3210 where each…
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Prices advanced above the downtrend line as we see from the previous chart which could push for further advance. The support trend is still around 1.1590, where as long as prices hold above it, the advance could continue toward 1.1820.…
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USDJPY remains bullish Consumer dollar remains in control of the pair, even though the recent rally took a breather. Coming off its multi-week high at 157.00, the pair is consolidating just under that level. A reversal would confirm…
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The Dow managed to met the target of 47550 last week and broke above it. As we see over the Intraday chart, prices face supports at 47370 and 47090 and if the market holds above one of those supports, the advance wave could…
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