Category: Technical Analysis

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Euro slip below 1.12 on weak Italy’s economic growth and strong dollar

Euro met the target and below heading to final tgt 1.1020 Technical Overview:  Euro currently trading at 1.1155 made a low at 1.1143 and high at 1.1159 in Asian session as of writing. Technically trading below 1.1170 key support now turned to resistance, sustain below this  can see till next support level at 1120 and […]
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Gold pressurizing by rally in US stocks and appreciating dollar,heading to 1263?

Gold hovering around 200MA 1275 Technical Overview: Gold trading at 1275.50, around the key resistance at 1275 or 200MA, downside day support stands at 1267 (April 2rd, 2018 low), a break can extend the fall till 1250 (Dec 12, 2018 High) levels again. As trend remains weak, for the day can be in sideways trade […]
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Euro exposed to 3-Week low against Dollar as buying continues

Euro broken the key support heading to 1.1175 Technical Overview:  Euro currently trading at 1.1210 made a low at 1.1205 and high at 1.1223 in Asian session as of writing. Technically trading below 1.1240 key support now turned to resistance, sustain above 1.1240 can see till next resistance level at 1272 or 200MA and 1.1315 […]
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Pound sideways as EU approves Brexit deadline till Oct 31 , 2019

Pound resisting at 1.30, range trading with sideways to negative Technical Overview: Pound currently trading at 1.2985 which trading below the downward channel support, currently trading below the psychological level 1.30 and below the key resistance 1.3120. A break upside 1.3120 can test next resistance 1.3180 and 1.3230 further. Downside support lies at 1.2930 and […]
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WTI at 5 Month high as U.S. announced it will cease to grant sanctions waivers to countries that import oil from Iran

Oil sustained above 65, heading to 67? Technical: Crude oil is trading at 65.80, breaks the 64.80 a former resistance and now turned to support. Currently trading above the resistance 65 and above good support 64.30. Trend remains firm for upside till 66.80/67 levels initially. For the day one can add or hold buys till […]
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WTI flew above 65 led by US sanctions over Iranian Oil

Oil jumped above 65, Technical: Crude oil is trading at 65.50, breaks the 64.80 a former resistance and now turned to support. Currently trading above the resistance 65 and above good support 64.30. Trend remains firm for upside till 66.80/67 levels initially. For the day one can add or hold buys till 65 levels for […]
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Gold corrected sharply as Jobless claims fell to lowest since 1969

Gold corrected sharply again, below the range 1295-1305 Technical Overview: Gold trading at 1292.50, below the key resistance at 1300, downside day support stands at 1285 or 200MA, a break can extend the fall till 1270-65 levels. As trend remains firm and sideways, for the day can be in negative bias where downside 1285 and […]
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