Target: 0.7620 Risk: 0.7240 Technical Reasons: The EURGBP pair showed some bearish correction after the rise that started from 0.6949 areas, and the price moves inside a bullish flag pattern that we are waiting to breach its resistance at 0.7375 to confirm completing this pattern, which will assist to push the price to achieve more positivity in the coming...
Target: 130.00 Risk: 118.25 Technical Reasons: The USDJPY pair faced strong negative pressure recently affected by the last Chinese economic data, while on the technical side, the price completed forming a double top pattern that forced the price to decline sharply to reach the long term ascending channel’s support, noticing that the price bounced upwards...
Target: 1.6200 Risk: 1.5575 Technical Reasons: The GBPUSD consolidated well above the major bullish trend line that carries the price from 1.4564 recorded low, to resume the main bullish wave that its next main target located at the recently recorded top at 1.5928. The exponential moving averages 50 and 100 offer good positive support to the expected bullish...
Target: 1.2100 Risk: 1.1100 Technical Reasons: The EURUSD continued to rise strongly to confirm settling inside the ascending channel, noticing that completion of a double bottom pattern that appears on chart, to support continuing the bullish trend on the longer term basis, assisting to push the price towards our next target at 1.2100. The exponential moving...
Target:: 150.00 Risk: 265.00 Technical Reasons: Bitcoin price broke the ascending channel’s support to fall under negative pressure that we expecting to push trading to head towards the previously recorded low at 85.00. The exponential moving averages 50 and 100 form negative pressure now on the short term trading, which makes the decline waited for the...
Target: 1200.00 Risk: 1140.00 Technical Reasons: Gold price rallied upwards affected by the completion of the round bottom pattern surpassing our first target at 1140.00 and continues to achieve gains on the short term basis, while holding above the support base formed above 1140.00 represents good positive factor that supports achieving more positivity in the...
Target: 1.2100 Risk: 1.1100 Technical Reasons: The EURUSD returned to trade inside the ascending channel after the recent bullish rally, and the price attempts to build support base above 1.1400 level to confirm the continuation of the bullish trend on the longer term basis, thus, the rise will be expected in the upcoming periods. The exponential moving...
Target: 1040.00 Risk: 1142.00 Technical Reasons: Gold price remains under the negative pressure that come by the exponential moving averages 50 and 100, and the price is confined inside a symmetrical triangle’s pattern, while the continuation nature of this pattern supports continuing the bearish trend on the short term basis. Breaking 1081.00 level will...
Target: 1.0650 Risk: 1.1270 Technical Reasons: The EURUSD tested the descending channel’s resistance and bounced bearishly from there, to fall under the negative pressure of the exponential moving averages 50 and 100, besides the bearish trend signal shown on stochastic. Our next target is represented by the mentioned descending channel’s support at 1.0650, and...
Target: 1050.00 Risk: 1142.00 Technical Reasons: Gold price broke the horizontal support 1142.00, which puts the price under strong negative pressure that pushes trading to test 1100.00 barrier per ounce now, while holding below 1142.00 level will keep the negative pressure valid for the upcoming period. The exponential moving averages 50 and 100 continue to...
Target: 147.65 Risk: 135.00 Technical Reasons: The pair is about to complete an inverted head and shoulders’ pattern, its neckline located at 136.65, and breaching this level will offer strong positive motive that supports continuing the gains on the short term basis, and the longer term target is represented by surpassing the bullish correction levels and...
Target: 67.05 Risk: 57.50 Technical Reasons: Crude oil price consolidation above the ascending channel’s support and bouncing bullishly supports the continuation of the main bullish trend, with positive signals coming from stochastic now on the daily time frame. The exponential moving averages 50 and 100 provides good positive support to the bullish wave, and...
Target: 1.5040 Risk: 1.5575 Technical Reasons: The bullish trend line was broken, and the price settled with a weekly close below it, to begin a short term bearish correction, while settling below 23.6% Fibonacci level opens the way to head towards the next correctional level at 1.5335. The price is about to complete a double top pattern, its neckline is...
Target: 1.0680 Risk: 1.1200 Technical Reasons: The pair completed drawing a head and shoulders’ pattern by breaking 1.1060 level, falling under the negative pressure that comes from the exponential moving averages 50 and 100, to lead the price for more decline in the upcoming period. The negative effect of the bearish pattern will lead the price to decline...
Updating the NZDCHF pair's outlook, the pair is about to surpass the second target at 0.6820, which will open the way to the extended target located at 0.6680. Breaking this level will push the price for more bearish bias towards 0.6385. More negative pressure comes from the exponential moving averages 50 and 100
Target: 67.00 Risk: 57.50 Technical Reasons: Crude oil price continues to rise clearly and breaches the psychological barrier 60.00, to continue trading inside the ascending channel, which hints that the price is on the way to achieve more gains on the short term basis. The exponential moving averages 50 and 100 continue to support the expectations to rise, and...
Target: 1.1600 Risk: 1.1050 Technical Reasons: The pair retested the breached neckline of the double bottom pattern at 1.1050, showing strong rise that supports continuing the bullish trend on the near term basis, and the chances are available to turn the main trend upwards. The exponential moving averages 50 and 100 keep supporting the bullish wave from below,...
Target: 0.6820 Risk: 0.7260 Technical Reasons: The pair completed forming a double top pattern by breaking 0.7160 level, and it successfully retested this break, to activate the negative effect of this pattern. The exponential moving averages 50 and 100 support the expected decline, and the pattern’s full targets reach 0.6820. Stochastic is negative,...