Technical Analysis

Gold managed to make the first test of the short-term potential trend line resistance around 5100-200. Intraday support starts from 4990 as a trading zone toward 5100-200 could hold the market. Below 4990 more of a drop will be…
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Oil closed at target and resistance of 62.60 before dropping rapidly after President Donald Trump signalled that he might hold off on attacking Iran for now. As we see over the chart, prices still face support at 58.80, where if…
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GBPUSD met the target of 1.3610-40 and broke above it. As we see from the chart, prices now face support around 1.3560-1.3610 which could keep the door open for an advance towards 1.3788 and 1.4000. Below 1.3560 more of a drop…
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The Euro managed to break above the resistance of 1.1810 last Friday to add more advance on the market open. As we see over the chart and as long as the market holds above the 1.1730-60 support, more advance will be expected…
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(SPX 500) The S&P 500 inches lower (SPX 500) The S&P 500 remained subdued even after a decent reading from the latest earnings report. As the index flirts with the 6900 level, the market is looking ahead to this week’s interest…
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The Dow managed to restore strength after US president Donald Trump abandoned his tariff threat against Europe, easing trade-war concerns. As we see from the chart, the market is facing the first support around 48750 and if…
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Gold hit the first target today at 5000 as the second target remains towards 5200. As we see over the chart, prices face supports at 5030 and 4960-65 as one of those supports could advance the wave towards the second target at…
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Oil closed at target and resistance of 62.60 before dropping rapidly after President Donald Trump signalled that he might hold off on attacking Iran for now. As we see over the chart, prices still face support at 58.80, where if…
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USDJPY fell below 157.30-60 last Friday and managed to hit targets 155.60 and 154.35. As we see over the chart, the market is facing support at 153.60 which could give the chance for a move higher. Below 153.60 more of a drop…
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