Technical Analysis

GBPUSD remains bullish Cable remains bullish as last week’s inflation data caused a spike in price action. With inflation falling sharply in November, this fuelled the likelihood of a rate cut in the Bank of England’s final meeting of…
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The Dow closed towards the support trend of 47600-700 which could keep the trading zone toward resistance 48370-500. Above 48500 more advance will be expected with resistance at 48860. Below 47600 more of a drop towards 47090 is likely.…
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Gold met tagets 4350 and 4370-80 before correcting yesterday. From the Intraday chart, prices are facing support around 4290, where as long as the market holds above it, another rebound toward 4350-70 could hit the market. Below 4290 more…
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Crude Oil managed to hit the target of 54.80 which caused a rebound. As we see over our previous chart, the market is facing the chance for a trading zone between support 54.80 and resistance 57.05. Above 57.05 more advance to re-test the…
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USDJPY managed to hit targets 156.15 and 156.95 after the BOJ Interest-Rate Hike. As we see over the chart, the market is facing resistance around 157.90, which could lead to a correction toward 156.15 before rebounding. Below 156.15 more…
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GBPUSD managed to break above the resistance of 1.3360-70 which could push for a further advance. As we see over the previous chart, prices face a support zone around 1.3280-99 which could cause a move towards targets 1.3470 and…
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Prices advanced above the downtrend line as we see from the previous chart which could push for further advance. The support trend is still around 1.1590, where as long as prices hold above it, the advance could continue toward 1.1820.…
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EURUSD stuck sideways The dollar remained volatile as soft inflation figures revived the possibility of the Fed continuing to cut rates. The pair had previously secured a solid holding above 1.1750 as prices continuously tested this…
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