Target: 0.8300 Risk: 0.7745 Technical Reasons: The bearish trend resistance line was breached and the price successfully retested this breach, to turn the short term trend upwards. The price completed forming a double bottom pattern by breaching 0.7937 level, this pattern’s targets reach 0.8300 areas. The exponential moving averages 50 and 100 provide positive...
Target: 67.00 Risk: 56.20 Technical Reasons: Crude oil price succeeded to breach 57.48 level and closed the daily candlestick above it, to get strong positive factor that supports targeting the next correctional level at 67.04. The exponential moving averages 50 and 100 provide good positive support to the bullish wave, and trading continues organized inside...
Targets: 1.1600 Risk: 1.0820 Technical Reasons: The completion of the double bottom pattern by breaching 1.1050, and settling above this level supports resuming the bullish trend and turning trading upwards. The exponential moving averages 50 and 100 continue to offer support to the price, and it might be forced to show some temporary fluctuation to get enough...
Target: 1.1600 Risk: 1.0700 Technical Reasons: The EURUSD pair begins the breaching process to the descending channel’s resistance, getting positive support from the exponential moving averages 50 and 100, which opens the way to turn the trend upwards. Signs of double bottom pattern appear now, and this pattern’s neckline is located at 1.1050, while stochastic...
Target: 168.00 Risk: 181.00 Technical Reasons: The previously broken support line of the ascending channel was retested and the price is stable below it, which makes the bearish trend expected for the upcoming period. The exponential moving averages 50 and 100 put negative pressure on the price, and stochastic is overbought now. Breaching 178.85 level will put...
Target: 60.00 - 67.00 Risk: 50.50 Technical Reasons: The sideways range resistance was breached at 54.20, and Crude oil price is attempting to build support base above it, thus, the price exits the sideways track that dominates trading since the beginning of this year. Stochastic offers positive signal that forms a motive to push the price to start bullish...
Targets: 92.00 Risk: 100.39 Technical Reasons: Signs of double top pattern appears after the US Dollar Index failed to reach last month’s recorded top at 100.39, which hints a potential reverse at the Index’s track on the short term and medium term basis. The potential bearish trend scenario begins by breaking the short term bullish trend line and completing...
Target: 100.00 Risk: 298.00 Technical Reasons: A double top pattern was completed to confirm the price return to the main bearish trend inside the descending channel, and the price is falling under negative pressure that comes from the exponential moving averages 50 and 100. The next main station is located at 152.40, and breaking 208.00 level will offer the...
Target: 1.0400 - 1.0000 Risk: 1.0815 Technical Reasons: The EURUSD pair completed drawing double top pattern by breaking 1.0720 level, to get more support to the continuation of the bearish trend inside the main descending channel. The exponential moving averages 50 and 100 puts negative pressure that supports the negative trading, and the price might head to...
Targets: 0.6945 - 0.6820 Risk: Above 0.7260 Technical reasons: The pair is about to complete forming a head and shoulders’ pattern, its confirmation level is located at 0.7145, and breaking this level will activate the negative effect of the pattern. This formation’s targets located at 0.6945 then 0.6820, and the risk limit for this position is above...
Target: 1300.00 Risk: 1179.00 Technical Reasons: Gold price completed forming an inverted head and shoulders’ pattern, its confirmation line is located at 1220.00, and breaching this level will support achieving good gains on the short term basis. The exponential moving averages 50 and 100 provide positive support to the price, and turns it back above the...
Target: 1.1275 Risk: 1.0885 Technical Reasons: A double bottom pattern was completed by breaching 1.0885 level, with positive targets that surpasses the descending channel’s resistance which is located at 1.1275. The exponential moving averages 50 and 100 offers positive support to the price, and stochastic is positive now, while we need to monitor the price...
Target: 1.0000 Risk: 1.0875 Technical Reasons: The EURUSD moves at the descending channel’s support, but the price still within the broadening bearish track ,which offers more negative pressure on the upcoming trading. The exponential moving averages 50 and 100 supports the continuation of the bearish trend, and stochastic moves at the overbought areas to add...
Target: 42.00 - 40.00 Risk: 50.50 Technical Reasons: Crude oil price touched the recent low at 43.58, and the negative pressure coming from the exponential moving averages 50 and 100 continues, while breaking the mentioned support will push to continue the bearish trend towards 42.00 then 40.00. The recent break to 47.80 level is a negative factor that supports...
Target: 1.0830 Risk: 1.1675 Technical Reasons: The price succeeded to exit the sideways range by breaking its support line, and the next target is the recently recorded bottom at 1.1096. The exponential moving averages 50 and 100 form negative pressure, and MACD offers bearish trend signals that reinforce the expected...
A chance to buy EURJPY above 136.15, targeting 141.75 then 144.00 , risk limit below 134.00 www.fxhighway.com www.facebook.com twitter.com plus.google.com
Target: 20.55 Risk: 15.70 Technical Reasons: The completion of an inverted head and shoulders’ pattern and a successful retest to the breached neckline, waiting to resume the intraday bullish wave. This pattern supports the continuation of moving inside the ascending channel that carries the price since the beginning of November 2014, and the price might be...
Target: 1355.00 Risk: 1224.00. Technical Reasons: Gold price rally stopped to form a double top pattern now, this pattern’s completion will push the price for temporary decline which might retest the previously breached neckline of the inverted head and shoulders’ pattern at 1224.00. Stochastic is positive and supports the chances of turning back to rise, and...