Technical Analysis

GER 40 holding on The Dax (part of the GER 40 index) GER 40 holding on The Dax (GER 40) remains choppy as the Euro zone awaits more inflation data. A sharp fall away from 26300 is a sign of inconsistency by short-term…
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EURUSD attempting full recovery The Euro (EURUSD) advances, hitting another high as the dollar remains on the back foot. This week’s income and spending data will be another indication of how healthy the U.S economy is.…
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Gold resumed the rally after the US Treasury announced last week of doubling the amount of purchasing long-term bonds. As we see over the Intraday chart, the market is facing several supports that can send the metal towards the…
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The Dow from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 last week. As we see from the chart and as long as the market holds above 52640, the advance is likely to move above…
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Crude Oil managed to test the downtrend line around 87.60 which has so far managed to hold prices. As we see from the chart, this downtrend resistance could push for a wider drop towards the 67.00-68.00 zone. Above 87.60 more…
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The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. USDJPY managed to print above the 158.05 resistance which indicates a wider range for rebound towards the 160.85 resistance.…
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GBPUSD also shows the chance for a correction before rebounding. As we see from the chart, the market is facing resistance around 1.3675 which could give space for a trading zone toward 1.3560. Above 1.3675 more advance is…
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Intraday levels show some weakness over the indicators that could lead to a correction before rebounding. As we see from the chart, the market is facing resistance around 1.1710 and if prices remain below it, a chance for a…
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US 30 waiting for the next signal The Dow (US 30 ) jumped over 500 points in Friday’s session, but failed to lift the back-to-back weekly losses. The index is testing the previous swing high and daily resistance at 53400. A…
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NZDUSD regains confidence The Kiwi took a slight breather after moving over 100 pips higher as the bullish influence remains. A rally towards the mid-0.5900 area has prompted sellers to trim their exposure. After a brief…
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