Bitcoin price settled below 609.00, which represents the recently-formed sideways' range support line, targeting 550.00 areas now, followed by 496.80. Bearish overview will remain valid and active unless breaching above 624.00 and settling above it.
AUDUSD bounced to the downside after breaching the neckline of the inverted head and shoulders' pattern, but the EMA50 managed to prevent the pair from suffering more losses, trying to revive the positive scenario now, and another breach to 0.9115 is required to reactivate the bullish pattern. Still waiting targets that reach up to 0.9535, with risk limits for...
Crude oil price resumes falling after coming near the retest level of the previously broken neckline for the head and shoulders pattern, heading now towards the main targets of the pattern around 96.80.
Silver price hovers around 20.35 critical level, this level is trying to stop the negative effect of the double top pattern appeared recently, as confirming breaking 20.35 will push the price towards 19.00 mainly. Now, Lets monitor 20.55 and 20.35, as stepping above 20.55 will provide initial signals of invalidating the negative formation and moving towards 22.70 mainly.
Gold price trades within sideways range after confirming breaking below the ascending channel's support line, with more bearish correction to come on the intraday basis, targeting 1313.00 and might extend to test 1300.00 before attempting to regain the main bullish trend again. Breaching above 1348.00 will offer positive motive to turn back to the bullish channel.
USDCAD pair is stable above the previously breached top at 1.1223, building intraday support base that allows the price to move higher targeting 1.1465 areas mainly. More support coming from the EMA50, and holding above 1.1223 is the key for today's bullish actions continuation.
EURUSD pair is trying to consolidate around the ascending channel's support line, attempting to revive the bullish trend again, with stochastic offering positive signals that might assist to move upward. The overall bullish trend still valid, waiting to target 1.4000 areas mainly.
US Dollar Index rallied positively yesterday to test the bearish resistance line around 79.95, stochastic enters the oversold area, to keep the overall bearish outlook valid. Waited targets begin at 79.00 then 78.10, while risk limit will be above 80.25-80.35 for the intraday basis.
USDCAD remains stable above 1.1220, that forms good support base which hints for more bullish actions in the upcoming sessions. Next targets around 1.1410-1.1445 , with risk limits below 1.1220-1.1135
The GBPUSD pair achieved a strong break to the critical support 1.6585, which represents a neckline for a triple top pattern appears in the chart, and holding with a daily close below this support activates the negative effect for this pattern, where its main targets located around 1.6335 The bearish bias will be preferred for today, supported by the bearish...
EURUSD pair declined sharply yesterday after the FOMC statement, to retest 1.3805 horizontal level, waiting to rebound positively, supported by stochastic positive signals. The ascending channel still organizes the current bullish wave, with risk limits below 1.3770
Bitcoin price broke 609.00 support base to reactivate the main bearish correction bias on the short term basis, targeting 550.00 followed by 496.80 areas mainly, supported by stochastic and the EMA50 negative signals. The bearish trend will remain in favor unless breaching above 609.00 then 627.00 resistance areas, which will lead to attempt to regain the main...
The USDCAD rallied sharply to the upside breaching above the triangle's resistance line, activating the positive effect for this pattern, which will lead to visit areas extend to 1.1445.
Ford price last trading is confined inside a potential falling wedge pattern, which means that breaching this pattern’s resistance at 16.00 will activate the positive effect, that has the ability to push the price to resume the main bullish trend again, and stop the recently started bearish correction. The price is getting good support from stochastic positivity,...
IBM price continues to offer positive attempts to stop the bearish correction that appears on the chart, as the price is leaning on the support base that 23.6% Fibonacci level forms at 181.35, making new attempts to confirm breaching the bearish correctional channel. Stochastic offers positive signals on the daily time frame, which supports the chances of...
The US Dollar Index continues to trade with slight negative bias, organized within the descending channel, pushed by the EMA50 negative pressure. Targets begin by breaking below 79.00 to move towards 78.10 then 77.00, while holding below 80.25 is the key to continue with the waited bearish outlook.
NZDUSD resumes the positive rally targeting 0.8675 mainly, followed by an attempt to breach to reach towards 0.8840. The ascending channel's continues to organize the current trading, and a continuous support is coming from the EMA50. Risk limit for the intraday trades below 0.8480.
AUDUSD managed to breach the neckline of the inverted head and shoulders pattern, to activate the positive effect of this pattern, waiting to head towards full targets around 0.9535. Retesting process could be dominating in the coming session, and a positive momentum is required to push to resume the bullish actions. Risk limit below 0.8900