Technical Analysis

The Dow resumed dropping after prices broke below the support at 47850 last Thursday, to print a low around 46840 and away from the target of 46500. Intraday Indicators show a chance for another advance towards the 48500-600 zone.…
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Gold dropped on Friday as intraday indicators still show the ability for another advance towards 4200. As we see over the Intraday chart, the market is facing support at 4045, while resistance at 4100-10 could create a trading zone.…
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Crude Oil managed to break above 58.80 last week to advance and test the resistance trend around 60.50-70. As we see over the chart, prices still face resistance at 60.50-70, which could push for a correction with supports at 59.15 and…
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The pair managed to hit the target of 154.30-50 and broke above this resistance zone, which could set a new course towards 156.70 and 158.80. As we see from our previous chart, the market tested support at 153.65 last Friday before a…
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GBPUSD moved below the support of 1.3140, which could lead for a downtrend break towards 1.2850. As we see from the chart, the market is facing a resistance zone at 1.3240-90, where if the market holds below it, the downtrend pressure…
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The Euro managed to break above 1.1610 which could lead to a further advance. As we see over the Intraday chart, the market is facing a support zone at 1.1565-80. If prices remain above this area, then the advance wave could sustain…
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NZDUSD finds more support The Kiwi finally found some firm support after a month long sell off. The pair is attempting a full recovery, which is a strong indication that buyers are not yet out of the game. A close above the recent peak…
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EURUSD bouncing back The dollar has not been the most favourable currency to trade with recently, as the rally that started in September has come to a halt. Sellers have continued to close their positions as the price spikes higher,…
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USDJPY hits resistance The US dollar retreated as sentiment shifted after a month-long rally. The Yen has clawed back some of the losses from the majority of October’s liquidation. A close below the immediate support of 154.50 suggests…
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