Target: 146.00 Risk: 154.25 Technical reasons: The pair moves at 38.2% Fibonacci correction level and settles below it, and trades are confined inside rising wedge pattern, indicating that the price will head to resume the general bearish trend in the coming period. The first target is located at 146.00, and breaking it will push the price to 141.40, while...
Target: 88.42 Risk: 93.30 The US dollar index bounces bearishly after retesting the broken support of the minor ascending channel, supporting the expectations of continuing the main bearish trend, which its first target located at 91.35, waiting to break this level to confirm extending the bearish wave towards 88.42. Settling below 93.30 is important to continue...
Bitcoin price succeeded to activate the inverted head and shoulders' pattern, opening the way to go to 1068.00 as a next target More support coming by the EMA50, while risk limit will be breaking 933 then 851.00.
Bitcoin price pushed on the EMA50 in attempt to break it, but it returns to fluctuate around it now, as the price gets positive factor through stochastic, which protects the price from suffering more losses. By taking a deeper look at the chart, we find that the price is drawing an inverted head and shoulders' pattern that its signs appear on image, which means...
Dow Jones index rallied strongly to the upside to surpass 19810 barrier and settles above 19900, which brings back the bullish trend to dominate trades, and the index awaits to surpass 20000 barrier to confirm the continuation of rising on the longer term basis, as the next targets located at 20070 then 20200. The exponential moving average 100 supports the...
Crude oil price made new test to 53.47 level, which forms strong resistance that the price needs to surpass it and confirm the continuation of the bullish trend on the short term basis, carried by the bullish trend line from 44.50 areas. Thus, we expect resuming the positive trading in the coming period, which its next target located at 56.24, while we need the...
Gold price falls under negative pressure after failing to return to the ascending channel, to head to the downside and approach from 23.6% Fibonacci level at 1197.44, while the price needs to trade above 1209.80 level to confirm the return to the bullish trend and stop the current negative pressure. In general, the bullish track still valid unless breaking...
The USDJPY pair rose to test the resistance area formed by the exponential moving average 100, to keep the price within the correctional bearish track, confined inside the descending channel that appears on the below chart. Therefore, the decline still expected in the coming period, and the first target at 112.00, noting that breaking this level will push the...
The GBPUSD pair rallied strongly after pushing on 1.2460 yesterday, and the price got strong support by the exponential moving average 100, to approach from 1.2560 level again, and we need to surpass this level to confirm the continuation of the bullish wave and head towards 1.2722. Thus, the bullish trend will remain expected in the coming period, and the price...
The EURUSD pair continues to move near 1.0750 level and still below it, while the exponential moving average 100 provides positive support to the price, to support the attempt to surpass the mentioned level to the upside and continue the bullish wave on the short term basis, as the next target is located at 1.0874. It is important to know that pushing on 1.0673...
Crude oil price showed good rise recently to move above the support line that appears on the chart below, starting to test the important resistance at 53.47, as the price needs to surpass this barrier to confirm the continuation of the bullish trend that its next target located at 56.24. RSI heads to get positive support that supports continuing the expected...
Gold price rose well by today's opening to start the attempts to return to the bullish channel again, as it managed to touch the recently recorded top at 1218.90, taking advantage of the positive support provided by the exponential moving average 100. Thus, it is expected that the rise will continue dominating gold price in the coming period, and our next target...
The USDJPY pair resumes its correctional bearish track after confirming breaking 114.54 level, to open the way to head towards the next correctional target at 112.00, and the price falls under the negative pressure that comes by the exponential moving average 100, while RSI shows oversold signals that might push the price to test 114.54 again. Now, the negative...
The GBPUSD pair managed to surpass 1.2380 to the upside to get strong positive push that carries the price to approach from the next correctional target at 1.2460, and the price keeps moving above the exponential moving average 100 to get more support to the continuation of rising in the coming period. Thus, we will be waiting to surpass 1.2460 level to move...
The EURUSD pair succeeded to reach the second target at 1.0750, this level represents 76.4% Fibonacci retracement for the last decline from 1.0874 to 1.0350, thus, surpassing this level will lead the price to head to the mentioned top at 1.0874. The positive support of the exponential moving average 100 continues, and settling above 1.0612 remains important...
Bitcoin price attempted to break the intraday bullish channel's support but the EMA50 succeeded to form solid support base that stopped the price negative attempt, to rebound bullishly and attempt to return to the bullish channel again, which supports the continuation of the bullish trend scenario on the intraday and short term basis. Stochastic provides clear...
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 be expected in the coming period, especially with...
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 51.76 level will put the price under the...