Target: 500.00 Risk: 436.30 Technical Reasons: Bitcoin price rallied strongly upwards to touch the recently recorded top at 470.00, as it gets good positive support by the exponential moving averages 50 and 100 after breaching them by the beginning of this week. On the other hand, breaching the intraday resistance line that appears on chart supports achieving...
Target: 0.7415 Risk: 0.7850 The EURGBP confirmed completing the head and shoulders’ pattern after showing a successful retest to the broken neckline, which turns into resistance now at 0.7750, to extend the bearish correction on the short term basis, targeting 0.7550 followed by 0.7415 areas in the coming period. The exponential moving averages 50 and 100 push...
Target: 52.00 Risk: 46.90 Crude oil price continues to rise inside the ascending channel that appears on chart, and the price gets good positive support by the exponential moving averages 50 and 100, to approach from 50$ barrier now, noting that there are chances to find strong resistance there, it might force the price for some intraday decline before attempting...
Target: 15.53 Risk: 17.55 Silver price falls under bearish correctional pressure recently, completing drawing a short term head and shoulders’ pattern, its confirmation line located at 16.91, and breaking this level will push the price to approach from 76.4% Fibonacci level for the rise from 14.77 to 17.99. The exponential moving averages 50 and 100 push on the...
Target: 1.1040 Risk: 1.1370 The EURUSD pair returned to push negatively and continues the bearish track that started after touching the bullish channel’s resistance that appears on chart, to open the way to continue the decline in the coming period, and the main target is located at 1.1040. The exponential moving averages 50 and 100 form negative pressure now...
First Target: 50.00 Risk: 42.20 Crude oil price soared strongly to cancel the head and shoulders’ pattern scenario explained in our last report, opening the way to resume the bullish trend on the medium term basis, supported by the exponential moving averages 50 and 100. Breaching the recently recorded top at 46.78 will confirm rallying towards 50.00$ barrier,...
Target: 39.00 Risk: 45.30 Crude oil price trades with bearish bias to approach from completing a head and shoulders’ pattern that appears on chart, the confirmation level of this pattern is located at 43.40, and breaking this level will push the price to decline towards 39.00 mainly. Stochastic offers negative signal that supports completing the mentioned...
Target: 1.1015 Risk: 1.1635 The EURUSD pair declined clearly to retest the previously breached bullish flag resistance, as the price is facing positive factors now, provided by the exponential moving averages 50 and 100 besides stochastic, but MACD offers negative signal that supports the chances of continuing the decline. In general, we are waiting for more...
Target: 500.00 Risk: 436.30 Bitcoin price showed some bearish correction after rising from 382.00 to 469.89, and the price found good support at 38.2% Fibonacci of this rise, to begin the attempts of resuming the bullish trend, and we need to breach 449.15 level to confirm the continuation of the bullish trend in the coming period. The next station is located at...
Target: 18.00 Risk: 17.23 Silver price decline stopped at 23.6% Fibonacci level for the bullish wave from 14.77 to 17.99, and the price begins to rebound bullishly to resume the short term bullish trend, as it gets many positive signals through the exponential moving averages 50 and 100 and stochastic besides MACD. On the other hand, the price moves inside a...
Target: 40.65 Risk: 44.30 The intraday bullish trend line was broken, and the price falls under negative pressure and potential visit to 40.65 areas, getting negative signal by MACD, while stochastic attempts to stop the current negative pressure. Trading below the exponential moving average 50 supports continuing the negative pressure on the intraday basis, on...
Target: 1.0995 Risk: 1.1635 The EURUSD pair failure to breach the bullish channel’s resistance means that the price is heading towards expected decline in the coming period, and the main target is visiting the bullish channel’s support at 1.0995, while the price gets negative signal by MACD indicator that supports the expected decline. Breaking the exponential...
The EURUSD pair breached the bullish flag pattern’s resistance that appears on the above chart, to get positive motive that leads the price to continue rising inside the medium term bullish channel, heading towards 1.1625 in the upcoming period, and it gets positive support provided by the exponential moving averages 50 and 100. MACD offers positive signals that...
Target: 51.10 Risk: 44.10 Crude oil price continues to rise, carried by the bullish trend lines that appear on chart, besides the positive support provided by the exponential moving averages 50 and 100, which makes the way open to achieve more gains on the long term basis, targeting 50.00 then 51.10 levels. Stochastic shows positive signal that supports the...
Target: 1400.00 Risk: 1247.00 Breaching the resistance line of the symmetrical triangle offers strong positive motive that supports the continuation of the bullish trend on the medium term basis, and the price gets continuous positive support by the exponential moving averages 50 and 100, to target 1400.00 levels in the upcoming period. The negativity that...
Target: 17.75 Risk: 14.25 Technical Reasons Silver price completed forming falling wedge after breaching its resistance line that turns into support now at 15.00, to turn the destination upwards, getting clear positive signals offered by stochastic besides the exponential moving averages 50 and 100. A retesting process is waited now for the breached resistance...
Target: 1070.00 Risk: 1130.00 Technical Reasons: Gold price succeeded to complete the double top pattern by breaking 1117.65 level, and the negative effect of this pattern is waited to lead the price to visit 1070.00 level. Breaking 1100.00 is required to confirm the continuation of the decline towards the waited target, and the price gets negative signals...
Target: 1070.00 Risk: 1148.00 Technical Reasons: Gold price declined after testing the previously broken support of the bullish trend line, and it completes forming a double top pattern now with a neckline located at 1117.65, while breaking this level will support achieving more decline in the upcoming period, followed by heading towards the main expected target...