Technical Analysis

USDJPY looks for support The yen continues to fight back after weeks of dominance from the greenback. Traders have been on their toes as the pair slowly attempts its way back to the psychological 150.00 level. A rejection at the recent…
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AUDUSD looking to bounce back China's GDP forecasts could prove vital to the direction of the Aussie as we see out the remaining few weeks of the year. Projections for higher growth could heighten demand for the currency and lead to a…
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The Dow managed to meet the target of 47000 a few days ago. As we see over the chart, the market is facing support at 46400-650, which if managed to hold above it, the advance wave could return towards 48000 and 48500. Below 46400…
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Gold is still holding a small trading zone as the market is hit with mixed signals between a drop wave or obtaining a rebound. As we see over the Intraday chart, the market is facing a support zone at 3955-85, which could keep the chance…
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Crude dropped from the resistance of 62.60 and managed to break below the support of 60.00. 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…
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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…
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GBPUSD 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…
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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. Above 1.1585 more…
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EURUSD breaks higher The Euro hopes to turn the bearish situation around after finally finding some support. The pair has remained under pressure after sinking towards the 1.1400 level. A limited bounce above 1.1500 will likely attract…
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