Technical Analysis

Daily chart: CL is falling sharply below the resistance level at 106.70, after several days trying to consolidate on a bullish trend. It is very likely that the CL fall back to support at 103.85 level. If the CL manages to break that level, it is likely that the current bearish trend to continue for […]

Yesterday, the EURUSD tested the resistance level at 1.3450, and was corrected downwards. However, the bullish trend is still in place. EURUSD: Yesterday, the EURUSD tested the resistance level at 1.3450, and was corrected downwards. However, the bullish trend is still in place. The current pullback, as indicated by the Williams’ % Range period 20, […]

Daily chart: GBPUSD is forming a lower high pattern, below the resistance level at 1.5642. It is very likely that this pair break that level and up to the resistance level at 1.5746, because its bullish trend has strengthened above the 200 day moving average. On the other hand, if the GBPUSD fails to make […]

Daily chart: The USDX continues to consolidate below the 200 moving average. We must be attentive to the USDX, because this is approaching a bullish trend line nearby. If the USDX achieved in break that trend line, it’s expected to fall to support at the 80.62 level. On the other hand, if the USDX managed […]

The Cable has broken the former distribution territory at 1.5650 to the upside. Right now, it is trading above that territory. EURUSD: The EURUSD is not very strong but the northward bias on the Cable is helping it to remain in the bullish zone (for the duo tends to be positively correlated). Though the price […]

Daily chart: The CL is trying to fall back below resistance at 106.70 level. It is likely that this small bearish movement is something “corrective”. However, if the CL manages to break that level, it is expected to fall to the level of 103.85. Furthermore, the CL may form a lower high pattern, so that […]

Daily chart: The USDJPY is making a bullish rebound in the 97.59 support level. Now, this pair will try to climb to the resistance at the 98.25 level. If it breaks, it is expected to rise to the level of 99.81. On the other hand, if the USDJPY breaks the support level of 97.59 are […]

The JPY pairs ended in equilibrium zones, but there would be significant breakouts in the prices this week. EURUSD: This pair is currently bullish (though not without turbulence). The price closed at 1.3327 on Friday and may go on to test the resistance line at 0.9400 this week. There would be bearish threats along the […]

Daily chart: The GBPUSD achieves in break the resistance level at 1.5506. Now, this pair is trying to break the resistance level at 1.5642. It is unlikely that today’s session, the pair that manages to break this resistance, because the movement has lasted quite bullish and it is very likely that this begins to form […]

Daily chart: Finally, due to the uncertainty in Egypt, the CL broke the resistance at 106.70 level and is consolidating above it. It is very likely that the CL prolong their rise to resistance at 109.93 level. However, we must bear in mind that the uncertainty could also cause the CL fall and start strengthening […]