Focus point 1.1310 Upward scenario Stability above the pivot level may push the pair to the first resistance at 1.1325 and with the break of this support may move the pair to the second support level at 1.1345 Downward scenario Below the level of support, it is not possible to retest the first support at […]
Yesterday, the pair received support from the SMA 100 on the four hour frame to close at a high near the resistance level of 0.7145. A breach of this resistance might reinforce the possibility of a bullish move. The pair could then target 0.7215 as the first target and resistance 0.7290 as the second target. […]
The price dropped yesterday after facing the resistance 1.3435 (the first target of the ascending scenario), breaching this resistance might open the way for the pair to reach the second target at 1.3545 then the third target around the resistance 1.3655. A break of the last bottom of 1.3245 might be enough to end the […]
After testing the breached level at 0.9975, the pair resumed its bearish trend yesterday to resume trading near 0.9905 (the first target of the bearish scenario). The downside potential remains intact as long as the pair is trading below 1.0050 and the price could reach the second target at 0.9830. A breach of 1.0050 resistance […]
The price of gold approached its first target of the 1326 rise yesterday to retreat during morning trading in an attempt to gather some bullish momentum due to the saturation of the Stochastic and RSI over the 4 hour frame … The possible bullish scenario remains intact with the failed Support 1302, and the potential […]
The price has been fluctuating since opening this week around its first target of the downside scenario at 110.05 support … The downside potential remains intact as long as the trading remains below resistance 111.00, and the pair could reach the second target at 109.25 support and support 108.50 as the third target. A breach […]
The bullishness remains valid as long as the pair is above the bullish trend line shown on the 4 hour chart, but it is better to break the resistance 1.3340 (the first objective of the ascending scenario) to confirm this possibility, Resistance 1.3480 then 61.8% for the general downside wave around 1.3630 as a third […]
The pair ended yesterday’s trading session in an attempt to gain bearish momentum due to the overbought signs appearing on the Stochastic and RSI indicators … The downside potential remains intact as long as the pair remains below 1.1380, with targets around 1.1245 as the first target and then the support at 1.1185 as the […]
The pair fell during Thursday and Friday to settle below the upper limit of the bearish wedge pattern shown on the 4 hour chart. A breach of support at 0.7055 might be enough to end the upside potential, and the pair could then go to test 61.8% Fibonacci at 0.6960. The rise and break of […]
The pair reached its first target of 1.3430 after basing on the neckline of the upside down head and shoulders pattern shown on the chart … The upside remains as long as the pair remains above 1.3245 for the next potential targets around 1.3545 as the second target and then the resistance at 1.3655 as […]
