Technical Analysis

DOLLAR INDEX 26-12-2023. Prices are trading below the resistance zone in the range of 101.50, as the index is moving in a short-term down trend. With this, we may test the area around 101, on the other hand this scenario is ruled out…
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DOWJONES 21-12-2023. Dow Jones index is trading at the lower boundary of an ascending channel, above its historical peak within the range of 36,950. It is likely to resume its upward movement to target the upper limit of the channel…
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GBPUSD 21-12-2023. Prices are trading around the 1.2635 level, where a break below is likely to test the support area at 1.2530. However, if prices hold above 1.2635, there might be a rebound towards the resistance zone within the range…
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NASDAQ 20-12-2023. The index is trading around its previous historical peak within the range of 16800. If the index successfully consolidates above this peak, prices are expected to resume the upward trend. However, if the minor support…
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USOIL 20-12-2023. Prices rose from a crucial support zone within the range of $68 until it reached the  important resistance zone within the range of $72.5 and breached it . With this, we may target the zone of $78.5. This scenario is…
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GOLD 20-12-2023. Prices are trading above the resistance zone of 2035, and if they hold above this level, we may target 2050. However, if there is a renewed break below this zone, we may target 2015.
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GBPUSD 20-12-2023. Prices are trading around the 1.2700 zone, and it is likely to break this zone down and test the support zone at 1.2615. However, if it holds above 1.2700, prices may bounce back to test the important resistance zone…
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EURUSD 20-12-2023. Prices are facing a crucial resistance zone within the range of 1.1000. They are trading sideways in the short term, and it is likely that prices will test the minor support zone within the range of 1.0900. If this…
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DOLLAR INDEX 20-12-2023. It was expected that prices would retest the support zone within the range of 101.50, as the index is trading in a down-trend in the  short-term  below a significant resistance zone within the range of 102.3. In…
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NASDAQ 19-12-2023. The index tested its previous historical peak within the range of 16780, and it is likely that this area  limit the upward momentum. If the index successfully breaks above this peak, prices are expected to resume the…
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