Technical Analysis

Market  managed to broke below support 1.3140 which may lead for a downtrend break toward 1.2850 as advised before As we see over the previous  chart, market facing resistance zone at 1.3240-90 where as long as market holding trades…
Read More

As we see over the previous chart, market facing resistance around 1.1585 where as long as market holding trades below it the downtrend pressure may sustain where support 1.1390 may give chance for rebound correction Market…
Read More

USDCHF driving lower The US dollar pulls lower as the Swiss franc looks to regain its footing. A close below 0.8100 was an indication of a persistently downbeat mood as sellers doubled down. The next possible move past the psychological…
Read More

As we see over the previous chart, the market managed to test the support zone at 46400-650 last Friday, which led to a rebound toward 47180 so far. As long as the market remains above the support zone at 46400-650, the advance wave…
Read More

Gold managed early today to hit the 4045 target. As we see over the Intraday chart, the market is still testing a trend resistance zone around 4045-60. If prices hold below the said resistance, a drop towards 3990-95 is likely which…
Read More

Oil dropped from the resistance of 62.60 and managed to print a low around 58.77 last week. As we see from the previous chart, prices face support around 58.50, which could lead to a rebound to re-test the 62.60 resistance. Below…
Read More

The market managed to test the support trend around 152.90, as prices maintain a trading zone  towards the resistance of 154.30-50. Above 154.50 we will expect a further advance towards 156.70. Below 152.90 more of a drop is likely…
Read More

GBPUSD moved below the support of 1.3140, which could lead for a downtrend break towards 1.2850. As we see over the chart, the market is facing a resistance zone at 1.3240-90, where if the market holds below it, the downtrend pressure…
Read More

As we see over the previous chart, the EURUSD pair is facing resistance around 1.1585. If prices remain below, the downtrend pressure could sustain as support at 1.1390 could lead to a chance for a rebound. Prices managed last Friday to…
Read More