MohammedEl-Sherbiny

MohammedEl-Sherbiny

Bitcoin has been moving in a broad rising channel on the weekly chart that started since the April's peak. Recently, the price bounced on the support line of the rising channel. This pullback came in line with the primary bullish trend as the 20-week EMA is still moving over the 50-week EMA, which indicating that the bull market is still intact. The appreciation...

MohammedEl-Sherbiny

The DJIA has been moving in an upward channel since around mid-June 2021. Recently the index formed a long bullish hammer candle that successfully confirmed a significant support area of a rising window/gap at 33,175 (this is called the cluster of candles). All the last week candles closed over the lower boundary of the rising channel and the 0.236 Fibonacci...

MohammedEl-Sherbiny

The most recent ratio line of U.S. Dollar (DXY) to EURUSD crossed over the long-term Moving Average. This rise in the USD/EUR ratio indicates the USD is outperforming the EUR over long periods.

MohammedEl-Sherbiny

Gold after penetrated the resistance area around 1800 and rallied for few days, reversed below the longer-term Moving Average made a lower high around 1835. Currently, Gold is retesting the support area at 1800 forming small candles which indicates the strength of this area to push the price upward to 1835 and 1850. However, the oscillators started to provide...

MohammedEl-Sherbiny

ARAMCO is forming an Ascending Triangle started in early Nov. 2020. Priced reversed from the downward trendline and the resistance area at 36.00 bushing ARAMCO to test the bullish support line of the triangle pattern. This declining is confirmed by indicators such as the RSI and OBV, hence breaking below the support line will forced ARAMCO to continue its...

MohammedEl-Sherbiny

The most recent ratio line crossed downward through a long-period Moving Average in June 2017. A decline in the DXY/GOLD ratio indicates that Gold is outperforming the U.S. dollars over long periods, so investing in Gold in relation to U.S. dollars , is a wise investment.

MohammedEl-Sherbiny

#GOLD bounced over the primary uptrend and the support area at $1766 confirmed by a bullish divergence from the RSI and the MACD provided a positive signal as well. Hence, GOLD is in the stage to test the resistance area at $1855 then $1917 as long as it continues above the upward trendline.