Technical Analysis

USDJPY managed to meet targets 156.75 and 157.40 and move higher. The pair is still showing the ability for more advance towards the 159.50-160.00 zone. Intraday supports at 157.30 and 156.40 still push for a further advance. Traders…
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The Euro managed to hit the of target 1.1460-80. As we see over the previous chart, the Euro tested the support zone while still holding above it where a rebound towards 1.1570 is likely. Below 1.1460 more of a drop could hit the market…
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GBPUSD managed to resume the drop after the Bank of England held its official bank rate. As we see from the chart, the market is facing resistances at 1.3410 and 1.3475, where as long as prices hold below one of those resistances, more of…
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Gold managed to break through the Falling Wedge formation which could lead to another advance towards the 4510 target. As we see over the chart, the market is facing Intraday support around 4330-40, where as long as the market holds above…
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The Dow rebounded towards 52150 to close towards the first target at 52275. As we see over the chart, Intraday resistance is at 52150, and if prices remain below it, the drop pressure could return toward the 50520 zone. Above 52150 more…
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Crude Oil still holding above the support at 95.40-90 which keeps the advance wave ongoing. Below 95.90 more of a drop is likely with supports at 92.70 and 89.85 could in turn activate this advance wave. Targets remain toward 105.20 and…
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US 30 remains pressured The US 30 retreats after falling another 500 points as indices across the board lick their wounds. The mood around the US 30 remains cautious, with 51500 becoming a critical support. A drift below 52000…
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The Dow Jones managed to meet targets 51480 and 51290. As we see over the chart and as long as the market holds above 51180, a rebound towards 52275 and 52700-800 is likely. Below 51180 more of a drop could hit the market while support at…
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Gold still holding inside the Falling Wedge formation which indicates another rebound wave toward 4510 is under construction. Support zone is at 4230-50 and 4200 while resistance remains at 4350-70. The market could hold inside this…
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Crude Oil is still holding above support 95.90 with the advance wave ongoing. Below 95.90 more of a drop is likely with supports at 92.70 and 89.85 could in turn activate this advance wave. Targets remain toward 105.20 and 108.55.…
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