The largest cryptocurrency in the world recorded its highest levels ever Expected scenario: continuation of the upward trend Bitcoin (BTCUSD) price trading stabilizes around the 70200 level after the rise it witnessed yesterday, and we notice that the Stochastic indicator is showing negative signs that hinder the price’s mission to continue rising, waiting to...
Hello everyone, WTI Oil 4H NEW FORECAST The price of oil begins today's trading with noticeable negativity, breaking the 83.90 level and settling below it, heading towards a new bearish correction during the coming sessions, targeting the 82.88 areas as the next main stop. Therefore, a bearish bias will be likely for today unless the 83.90 level is breached and...
Hello everyone, Dow Jones 4H NEW FORECAST Yesterday, the index price was affected by US economic data, forming a temporary positive bounce to test the resistance at 38525, then returning to stability below the 55 moving average axis centered at 38220 We expect the price to activate a negative attack by remaining below the mentioned resistance, initially...
Hello everyone, GBPJPY 1D NEW FORECAST The pair's price was surprised by strong negative pressure, with repeated closings below the 197.35 level and approaching the ascending channel support at 192.28. We expect to activate positive trading for the pair, targeting the 195.17 level, and then attacking the resistance at 197.35. Expected trading range Between...
Hello everyone, EURUSD 4H NEW FORECAST The euro price traded against the dollar rebounded upward to attack the 1.0715 level and attempt to hold above it, providing signs of the start of recovery attempts in the immediate term, but we note that the Stochastic indicator is showing negative signs that may hinder the price’s mission to rise. We prefer to stay...
Hello everyone, GOLD 4H NEW FORECAST The gold price is showing new negative trading to move away from the 2325 level, reinforcing expectations of a continuation of the downward trend for today, stimulated by the negative crossover signal presented by the Stochastic indicator now, remembering that our expected target is at 2260, breaking which represents the key...
Hello everyone, SPx500 4H NEW FORECAST We note that it is currently incurring tangible losses, reaching about 5040. The price's continued exposure to negative pressures may soon force it to target an important support represented by the level of 5010., thus facing the 55 moving average axis. We would like to note that the price breaking this support will...
Hello everyone, Dow Jones 4H NEW FORECAST Yesterday, the index price succumbed to the negative pressures resulting from the decline of the Stochastic indicator below the 50 level, forcing it to sneak below the additional support centered near 38545, thus announcing the postponement of the upward path, and we noticed that it incurred major losses when it touched...
Hello everyone, GOLD 4H NEW FORECAST The gold price continues to present negative trades, gradually approaching our expected target at 2260. The 2260.level represents the 50% Fibonacci retracement level of the entire rally measured from 1984 to 2442. Breaking this level will extend the bearish wave to reach 2207 as the next target. We note that the price is...
Hello everyone, Dow Jones 4H NEW FORECAST The index price returned to mixed trading without reaching any new positive target, affected by the formation of the 38680 level, a new obstacle to bullish trading. But repeated stability above the additional stable support at 38545 constitutes an essential factor to stimulate the previously suggested positivity. We...
Hello everyone, GOLD 4H NEW FORECAST The price of gold is hovering around the level of 2325, and begins new attempts to pressure this level at the opening of the day, noting that the Stochastic indicator is showing negative signs that we expect will contribute to pushing the price to break this level and open the way for heading towards the next corrective...
Hello everyone, SPx500 4H NEW FORECAST The index price ended trading on Friday by achieving a breach of the 23.6% Fibonacci retracement level centered at 5120, thus announcing its restoration of the upward bias to begin forming some upward waves by touching the level of 5146.00. We expect trading to hold above the 55 moving average axis and with the Stochastic...
Hello everyone, Dow Jones 4H NEW FORECAST The index price was affected by many positive factors to confirm to us its adherence to the upward path, including the repeated stability above the additional support centered at 38250, supported by the stability of the 55 moving average near it, in addition to the Stochastic indicator beginning to present positive...
Hello everyone, GBPUSD 4H NEW FORECAST The price of the pound sterling against the dollar tested the 1.2480 level and rebounded upward from there, resuming the expected bullish wave in the immediate term, which aims to test the 1.2580 level as a first stop. The moving average 50 supports the expected rise, and breaching the target level will extend the bullish...
The euro price against the dollar ended last Friday's trading below the 1.0715 level, but we note that the 50 moving average formed good support to stop the decline and push the price to begin recovery attempts at the opening of the day. Therefore, we believe that opportunities are available for a rise during the coming sessions, and the price needs to confirm...
Hello everyone, GOLD 4H NEW FORECAST Gold price trades rebounded downward after testing the broken support for the ascending channel that appears in the chart, to begin pressuring the pivotal support level of 2325 and providing signals on the trend to resume the downward correction, and the price needs to break the aforementioned support to confirm opening the...
Hello everyone, GBPUSD 4H NEW FORECAST Expected scenario The price of the British pound is rising strongly, breaching the 1.2480 level and settling above it. Activate the bullish trend scenario and open the way to target the 1.2580 level as the first main stop. A breach of the 1.2580 level may lead the price to achieve additional gains of up to 1.2624 in the...
Hello everyone, EURUSD 4H NEW FORECAST Expected trading scenarios The price of the euro against the dollar remains near the level of 1.0715 , and has stabilized below it so far. A bearish trend scenario will continue for the coming period, targeting a test of the 1.0685 level as a first stop. Breaking the 1.0685 level may push the price towards 1.06210. On...