Technical Analysis

The Dow US 30 remains bullish The Dow remains upbeat, with tech stocks and AI leading the way, as price action doesn’t look like slowing down. A move above 47800 validated another peak, prompting traders to wonder whether the bubble is…
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The Dow managed to meet the target of 47850 and above. As we see over the chart, prices face the chance for a correction, as long as the market remains below 48000, as support at 47000 could keep the advance wave ongoing. Above 48000…
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Gold resumed a rebound just a head of Fed Rate cut decision. As we see over the Intraday chart, the market is facing a support zone at 3970-80, while resistance at 4050 could create a trading zone. Above 4050 more advance…
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Crude dropped from the resistance of 62.60 and managed to break below the support of 60.00. As we see from the Intraday chart, prices face support around 58.50, which could lead to a rebound to re-test the 62.60 resistance. Below…
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USDJPY managed for the second time to test the resistance of 153.25 to push for a correction where the market printed a low around 151.52. As we see from the Intraday chart, the market is still facing the chance for a trading zone…
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GBPUSD managed to sustain the downtrend pressure as prices pushed below the support of 1.3250. As long as the market remains below 1.3290, the drop pressure could continue. As we see over the Daily chart, prices now facing support at…
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Euro seems to be building a Triangle formation at supports at 1.1600 and 1.1545, as resistance at 1.1700 has the chance for a trading zone. Above 1.1700 more advance could hit the market with resistance at 1.1780-1.1820. Below 1.1545…
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USDCHF tests important support The Swiss franc is poised for a bounce as prices slide lower. Any chance of a turnaround needs a jump above the psychological level of 0.8000 to send a strong signal that buyers remain in the game. As the…
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The Dow broke above the resistance of 46700 last week and managed to add more advance on the price gap this week. As we projected last week, prices hit the second target of 47500. Intraday Levels show the first support around 47000,…
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