Technical Analysis

USDJPY today tested the support trend around 152.90 which could create 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

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…
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 as long as the market holds below it, the downtrend…
Read More

The Euro managed to break below the support of 1.1545 which could lead to another drop. As we see over the chart, the market faces resistance around 1.5850, and if prices remain below it, the downtrend pressure could sustain…
Read More

USDCHF retreats from monthly high The US dollar pulled slightly lower after closing the October rally, which saw over 200 pips added to the pair. The price soared to a monthly high at 0.8100, suggesting that a bearish reversal could be…
Read More

AUDUSD clawing back losses The Australian dollar looked to halt the sell-off as prices found some support. The pair has remained under pressure after it fell below the 0.6600 level. Two attempts to turn things around have failed as the…
Read More

As we see over our previous chart, the Dow faces the chance for a correction, as long as the market remains below 48000 as the support of 47000 could keep the advance wave ongoing. Prices managed to test the first support last week…
Read More

As we see over the chart, the market could maintain this trading zone inside the uptrend channel with a resistance zone at 4050-70 and support at 3940-50. Above 4070 more advance to test 4100 will be expected while above this zone more…
Read More