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Dow Jones index declines strongly to break the first important support at 19775 and starts to push on the most important support at 19718, signaling the index turn to decline on the short term and medium term basis, to start bearish retracement that we expect to push trading to 19500 mainly.
Thus, the decline will ...
Crude oil price shows stability above the important support level 51.76, and we still waiting to surpass 52.90 then 53.47 barriers to confirm the continuation of the main bullish trend, as the next target is located at 56.24, while RSI heads to the upside to support the expected rise.
On the other hand, breaking ...
Gold price showed good rise yesterday to provide signals of regaining the bullish trend after testing 23.6% Fibonacci level for the last rise, which makes the bullish trend expected for the coming period, and surpassing 1210.00 level will confirm the continuation of achieving gains on the short term basis.
The USDJPY pair tested the descending channel's resistance and settles near it now, to keep the correctional bearish bias valid until now, and the price needs to break 114.54 level to support our expectations of continuing the bearish trend in the coming period.
Thus, the decline will remain expected on the short ...
The GBPUSD pair showed good rise yesterday after managing to surpass 1.2300 barrier, to continue recovering on the short term basis, and the next correctional target is located at 1.2460, while the price needs to surpass 1.2380 to confirm the continuation of rising in the coming period.
1.2300 level forms ...
The EURUSD pair managed to surpass 1.0673 to the upside and build support ground above it, to open the way to continue rising and head to 1.0750 that represents our next target, while the further targets located at 1.0874.
The exponential moving average 100 supports the bullish trend in the coming period, while ...
Bitcoin price settles inside the bullish channel that carries the price from 755.00 areas, to keep the bullish trend dominant on the intraday and short term trading, supported by stochastic and the EMA50 positivity.
Therefore, we believe that the way is open to continue rising in the upcoming period, and the ...
The EURUSD pair could not manage to breach 1.1357 level, failing to return to the previously broken bullish channel, showing negative trading that signals that the negative pressure will dominate the coming trading.
The exponential moving averages 50 and 100 form ...
The GBPUSD completed forming the inverted head and shoulders’ pattern that appears on chart, thus, the way is open to cover some of the losses that the price suffered recently, as the full target of the mentioned pattern is near 1.4000.
The exponential moving ...
Crude oil price is placing descending tops since last month, to form triple top formation that appears on chart, which puts the price under negative pressure that we expect to push it for bearish correction of the short term basis.
After breaking 23.6% Fibonacci – for ...
Gold price moves inside a major ascending channel that signals more gains for price to achieve, targeting 1405.00 areas as a main target.
The recent trades are confined inside a falling wedge pattern that has positive nature, thus, all we need is a breach to ...
The EURUSD pair shows recovery attempts after the sharp decline that appeared recently and stopped around 1.0936, to witness positive trades and attempts to return to the previously broken ascending channel, after 61.8% Fibonacci level – for the rise from 1.0516 to ...
Gold price achieved strong gains to breach 1303.62 level and touch our waited target at 1350.00, approaching from retesting 1303.62 level that turns into support line now, at the time that stochastic gains the positive momentum gradually.
The exponential moving ...
Gold price touched 38.2% Fibonacci level at 1205.80 and bounced higher strongly from there, offering signals of attempting to return to the main bullish trend, as it tests the recently recorded high at 1303.62.
The positive support provided by the exponential ...
The EURUSD pair managed to reach the ascending channel’s support line, and begin to rebound bullishly and build new short term bullish wave, to head upwards in coming period, and the main target is represented by visiting this channel’s resistance at 1.1800.
Crude oil price was few pips shy from our waited target at 45.62, which represents 23.6% Fibonacci for the rise from 26.05 to 51.67, to return trading above the main bullish trend line now, which signals that the price is regaining its main bullish trend.
Crude oil price continued the pressure on the main bullish trend line until it managed to break it and closed the daily candlestick below it, to begin bearish correction for the bullish wave that started from 26.05 reaching to 51.67.
Therefore, the negative pressure ...
Bitcoin price rallied upwards strongly to surpass our waited target at 657.70 and builds support base above it, which hints the extension of the bullish wave on the short term and medium term basis, opening the way to head towards 777.00 in the coming period.