Technical Analysis

GBPUSD hits resistance The pound fell away from its recent rally as prices hit a firm resistance at 1.3270. A fall towards the first hurdle at 1.3200 has prompted some buyers to cover their positions. A continuous bearish run could…
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(US 30) The dow jumps 600 points (US 30) The dow managed a steady comeback as prices broke above the 47000 level. As the RSI moves into the overbought area, the top of the latest consolidation spike makes it an important level to keep…
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The Euro managed to fall below the support of 1.1665 which restored the pressure again on the market. As we see from the previous chart, and as long as the market holds below 1.1635-55, the drop pressure could continue with…
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EURGBP holds onto gains The euro slipped further after falling away from its previous weekly high. A decisive break below the daily support at 0.8800 suggests sellers are targeting an extended rebound. 0.8760 is the upcoming target, and…
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The Dow managed to pass above the resistance at 46850 to move closer to the target of 47350. As we see over the chart, prices face resistance around 47550, which could push for a correction toward 46850, before advancing back…
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Gold is moving towards a Triangle formation resistance which is now around 4175-85. This resistance could lead to another drop as support at 4090-4100 is still protecting the advance wave. Below 4090 more of a drop towards the…
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Crude Oil managed to fall below 58.15 yesterday which kept the pressure on prices so far. As we see over the chart and as long as the market remains below the 59.00 resistance, the drop pressure could sustain to hit another low…
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Prices met the target of 156.70 while more advance towards the second target 158.80 is promising. As we see from our previous chart, the market managed to test the support of 153.65 before advancing towards the first target of 156.80. If…
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As we see over the Intraday chart, GBPUSD is closing towards the resistance 1.3250-60 which if managed to hold below it, the downtrend pressure could move towards 1.2850. Above 1.3260 more advance to test the 1.3370 resistance…
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