Silver price declined to touch the horizontal line at 20.55 appears on the chart, holding above this line offers a key support to the chances to rebound positively, targeting 22.00 - 22.70 levels on the intraday basis. Stochastic could offer some help, while risk limit remains below 20.35.
Gold price declines to settle at the ascending channel's support line at 1350.00, and we need to hold above this line to keep the overall bullish trend valid, targeting 1400.00 areas mainly. A break for this support could lead to visit 1313.00 followed by 1300.00 before attempting to regain the bullish trend again.
USDCAD rallied positively to visit the bearish trend line that connects the recently recorded descending tops, still within the bearish correction, with a potential bounce now to visit 1.0990 area.
USDJPY visits the key support area around 101.20, with a break below that will lead to visit 100.20 initially, and more pressure to come to push towards 96.93. EMA50 still pushes negatively, and the exit key from the current bearish correction would be breaching above 103.45.
GBPUSD didnt settle below the critical support line 1.6585 after an attempt to break yesterday, showing strong momentum to attempt to regain the main bullish trend again. Now, we need to breach above 1.6630 - 1.6715 to invalidate the triple top formation, and head towards 1.7000 mainly. A reminder of the negative pressure in case 1.6585 was broken, which will...
EURUSD pair shows some sideways trading range, confined within a potential bullish pennant, which could bring the motive to push the price for more bullish actions in the upcoming period. Breaching above 1.3930 - 1.3970 will motivate the price to head towards our extended targets that reach to 1.4285. Risk limit for buyers would be below 1.3760
Bitcoin price failed to confirm breaching below 609.00 level, to trade inside the sideways range again, targeting a test to 633.00 now. More negative pressure on the intraday trading, which allows to believe its hard to breach the bearish correctional trend line now.
The GBPUSD pair is attacking the critical 1.6585 support line, which represents the confirmation line for the triple top that appears on the chart, a four hours close below it will motivate the price to head towards 1.6255 as a main target for the current negative pressure. Breaching above 1.6585 - 1.6635 will provide a safe factor to invalidate this pattern's effect.
The sideways range support line a 609.00 is showing strength against the Bitcoin price attempts to decline so far , might witness some slight bullish bias before attempting to break again. Target still waited around 496.80, with reversal point above 638.00
The US Dollar Index continues to trade negatively, pushed by the EMA50, with negative signals coming from stochastic, which supports the continuation of the bearish trend in the upcoming period, targeting breaking below 79.00 to head towards 78.10. Holding below 80.25 - 80.35 is the key to continue with the bearish trend
NZDUSD pair turns to show some slight bearish bias offering a potential minor double top formation, with confirmation line located at 0.8522, which means that breaking this level will push the price to visit the ascending channel's line at 0.8465 before resuming the main bullish track again. Overall, the positive overview remains valid, supported by the EMA50,...
AUDUSD made the first attempt to breach the neckline level of the inverted head and shoulders' pattern, we need a daily close above 0.9115 to confirm this breach, that will trigger the bullish wave to reach towards 0.9535 mainly. Good chances now to ride a bullish wave, with risk limits below 0.8900.
Crude oil price resumed the negative trading, while the head and shoulders' pattern's effect remains active, waiting for the full target around 96.80. EMA50 continues to push the intraday trading to the downside, and holding below 99.05 - 99.60 is the key to go for our waited target.
Silver price fluctuates around the retest level of the previously breach resistance line for the bullish flag that appears on the chart, forming a support base around 21.00, and that protects the chances of resuming the bullish actions, waiting for targets that mainly begin at 22.00 and extend to 22.70. Stochastic offers positive signals to support the waited...
Gold price showed negative trading yesterday affected by some negative momentum that turns into positive momentum now, and the EMA50 provides good support for the current trading. This allows us to keep our overall bullish trend outlook, waiting to test 1400.00 barrier followed by 1450.00. Risk limit will be below 1350.00.
USDCAD under negative pressure, waiting to test 1.0990 areas for today. We keep in mind that breaching above 1.1150 will push the price to resume the main bullish trend. Breaking below 1.0990 will extend the bearish overview to reach 1.0915 then 1.0845
USDJPY pair hovers between 38.2% and 50% Fibonacci levels. EMA50 adds strength to 38.2% level at 102.20, which supports the continuation of the bearish correction. Stochastic shows negative signals, and the bearish bias still dominates the intraday trading. Waited targets at 101.20 followed by 100.20.
GBPUSD pair trading is tightening between the EMA50 and the critical support 1.6585, and we are still waiting to get the next trend confirmation signal by breaching one of the trend keys represented by 1.6585 support and 1.6660-1.6715 resistance areas. Carefully note that breaking below 1.6585 support will push GBPUSD towards 1.6255 mainly, before any new attempt...