Technical Analysis

The Dow managed to met the target zone at 49500-600. As we see from the previous chart, prices face an uptrend resistance channel around the 49800-50000 zone which led to a correction towards 48760. As long as the market…
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Gold passed above the 4600 resistance as the near-term is still showing more advance toward 4700 and 4800. However, the Intraday chart shows a chance for a trading zone if prices remain below 4635, with supports at 4560 and…
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Crude Oil printed above the resistance at 59.40 which could lead to another advance. As we see over the chart, the market is facing the first support at 58.80 as the second support at 57.50 will target towards 62.60. Below…
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USDJPY hit 158.95 and closed from the target at 159.85. As we see over the chart, the short-term outlook is towards the resistance zone of 160.20 - 161.95 as a potential risk to push the market for a correction towards 157.50…
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The pair managed to test the support of 1.3400 which is still holding so far. As long as the market holds above 1.3400, the scenario for another advance toward 1.3610-40 zone remains. Below 1.3400 more of a drop will be…
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EURUSD broke a Rising Wedge formation which could create some pressure towards 1.1490. As we see from the previous chart, prices still face a support zone at 1.1600 which could lead to another advance higher. Below 1.1600 more of a…
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NZDUSD propels higher The US dollar looked to stop the rot after the Kiwi bounced back. As the price grinds the previous peak of 0.5780, an overbought RSI has put pressure on the short-term enthusiasm. A fall below 0.5750 will force some…
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USDCAD slides lower The Canadian dollar benefited from a weak greenback as prices fell from their recent peak. The pair searches for support after its recent rally saw price action pop above the 1.3900 level, but it has since fallen…
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