The pair was positive on Friday with support from 0.9905 (the first target of the downside scenario) in an attempt to test the 0.9975 level and gather some bearish momentum due to the oversold condition on momentum indicators … The downside potential remains intact as long as the pair is trading below 1.0050 and the […]
The possible bullish scenario remains intact as long as the pair remains above the 1298 support to be the next targets around the resistance 1326 as the first target and then the February summit around 1345 as the second target. A break of the recent 4-hour closing below 1298 might be enough to derail the […]
The pair fell to achieve its first target of the downside scenario at 110.05 support on Friday … The possibility of the downside remains with the adjustment of the area of failure of the scenario to become 111.00, and could go to the second target at 109.25 support and support 108.50 as a third target. […]
The pair ended the trading session last Friday on the upside after receiving support from the bullish trend line shown on the 4 hour chart, breaking the resistance 1.3340 (the first objective of the bullish scenario that has been achieved) may push the price to further rise towards the second target level at 1.3480 resistance […]
The pair fell strongly on Friday breaking the support area 1.1320 – 1.1300 to end the upside scenario which achieved its first target at 1.1405 … The stability of trading below the mentioned area and below the simple moving averages 50 and 100 on the four – hour framework in addition to the negative cross […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.73 per barrel at 0752 GMT, down 30 cents, or 0.5 percent, from their last close. […]
The possible bullish scenario remains valid with the continuation of the bearish wedge pattern shown on the 4 hour chart which targets 0.7215 as the first target and 0.7290 as the second target. A breach of the support zone of 0.7075 – 0.7055 might end the upside potential and the price could then go […]
Following the neckline of the upside-down head and shoulders pattern shown on the chart, the pair rose yesterday to settle above the 50 and 100 SMA, which supports the possibility of further gains towards 1.3435 (the former target), 1.3545 as the second target and resistance at 1.3655. As a third target. A break of the […]
Yesterday, the pair saw some positive momentum in an attempt to gather some bearish momentum due to the saturation of the momentum indicators … The price is moving near its first target at 0.9910, and in the coming sessions it could move towards its second target around 0.9830 support. A breach of 1.0050 resistance might […]
The possible bullish scenario remains intact as long as the pair remains above the 1298 support to be the next targets around the resistance 1326 as the first target and then the February summit around 1345 as the second target. A break of the recent 4-hour closing below 1298 might be enough to derail the […]
