Technical Analysis

XAUUSD (The precious metal) finds momentum XAUUSD (The precious metal) market holds firm as traders look toward the next Fed decision, along with the NFP numbers. Investors continue to watch for further clues from Fed testimonies…
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The Dow remains above the second Intraday support at 53660 which is still holding the advance wave toward 55000. Below 53335 more of a drop is likely with support at the 52700-800 zone. SUPPORT RESISTANCE LEVEL1…
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Gold managed to meet the target of 4330 and closed from the second target and resistance of 4382. As we see over the chart, a chance for a trading zone between Intraday support 4300 and resistance 4382 could hold prices. Above…
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Crude Oil managed to open with small gap price as prices moved above the 77.50 resistance. With Iran tightening its grip in the standoff with the United States over the status of the Strait of Hormuz, oil prices have regained…
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The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance. Starting from…
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We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance. Below 1.3140 more of a drop is likely.…
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The Euro managed to hit a few pips above the resistance of 1.1560 which could lead to another advance. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may…
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XAGUSD(Silver) taking a breather XAGUSD(Silver) remains cautious even though a weaker US dollar boosted the demand for precious metals. A surge above 63.00 was a sign of strong buying pressure, pushing the price towards 65.00.…
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AUDUSD(Australian dollar) looks to get back on track The AUDUSD(Australian dollar) continues to climb after breaking through another hurdle. The pair continues the recovery and is on its way to test the next level at 0.7080. A…
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The Dow managed to meet the target of 54000 and 54600 over the optimism over an Iran-USA deal. As we see over the chart and as long as the market holds above the first Intraday support of 54080, the advance could sustain toward 55000.…
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