Technical Analysis

Gold managed to add more rebound as prices close towards the 5100-200 resistance zone. As long as the market holds  below this zone, prices could face another drop toward 4800-80 which could propel the market higher again. Below 4800 more…
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Prices managed to fall below the support of 153.50-60 which could push for a further drop to test the 150.70-90 support trend which could lead to a rebound. The uptrend wave is still ongoing towards 160.20, as long as the market remains…
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Oil managed to hit the target  of 66.15 last Friday. The market opened with a downward gap as the U.S. stopped the attack on Iran for now. As the tension between U.S. and Iran could return, the Oil market could face some volatility. As…
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Cable held above the 1.3560-1.3610 support to meet the first target of 1.3788 as more advance towards the second target 1.4000 is still expected. Below 1.3560 more of a drop will be expected with supports at 1.3400 and 1.3340.…
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The Euro printed below the support of 1.1800 which could push the market for a further drop. As we see over the chart, the market is facing resistance around 1.1830, where as long as prices remain below 1.1880, the downtrend pressure could…
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USDCHF looks for a lift The US dollar attempts to claw back more losses after gaining over 100 pips. A drift above 0.9770 accelerated the greenback’s upswing as price action bounced towards 0.7800. A breakout above this round number will…
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As we see over the chart, the Dow is still facing several supports while Indicators showing weakness over the market. However, the uptrend channel support zone at 47780-48100, could lead to a rebound. Below 47780 more of a drop toward…
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Gold printed a  4400 low yesterday closing from a key support at 4380 before the market rebounded. Gold is still under pressure over the Intraday trading levels, where as long as prices remain below 4940, the chance for another drop swing…
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Oil managed to hit the target  of 66.15 last Friday. The market opened with a downward gap as the U.S. stopped the attack on Iran for now. As the tension between U.S. and Iran could return, the Oil market could face some volatility. As…
Read More