Technical Analysis

The Dow tested the resistance zone at 52700-800, which still holds the market lower. If prices hold below this resistance, a correction towards 51000 is likely. Above 52935, more advance toward 53700 is expected. SUPPORT RESISTANCE…
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Gold managed to pass above the first resistance at 4035 and is closing towards the second resistance zone at 4075-90. As we see over the chart, a trading zone is likely here between support 4020-30 and resistance 4075-90. Below 4020 more…
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Crude Oil printed a low below 100 before rebounding. As we see from the chart, the advance wave is still ongoing while more highs are likely if prices hold above the second support zone of 95.40-96.35. Below this zone, more of a drop…
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Traders still fear the market will move higher as the Bank of Japan could intervene again to support the Yen. A drop formation is looking to test the support zone at 153.90-154.40. Above 159.60 more advanced is likely with caution.…
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Support at 1.3140-60 managed to push prices to a rebound as the market pushed a few pips above 1.3400, before the drop pressure returned. As we see from the chart, a trading zone is still possible here. Below 1.3140 more of a drop toward…
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The Euro managed to hold below the downtrend resistance line as pressure still affects the market, as prices again tested the support at 1.1115 today. As long as prices hold below the resistance of 1.1240-80 the drop pressure could…
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EURJPY stuck in consolidation The EURJPY remains indecisive after the recent downturn, with price action remaining consolidated. The pair seems stuck after bouncing below 176.00, and the directional bias on EURJPY will remain…
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The Dow tested the resistance zone at 52700-800, which still holds the market lower. If prices hold below this resistance, a correction towards 51000 is likely. Above 52935, more advance toward 53700 is expected.…
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Gold managed to hold trades below the resistance of 4035 as the drop pressure still affects the market. As we see over the Intraday chart, the market is facing the first resistance around 4035, where as long as the market holds…
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Crude Oil managed to meet targets 101.35 and 102.60 and above. As we see from the chart, the advance wave is still ongoing while more highs are likely if prices hold above the first support at 100. Below 100 more of a drop could…
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