The possible bearish scenario remains intact as long as the trades remain below the 4 hour chart’s bearish line, targets remain around the 61.8% Fibonacci level at 0.6960 as the first target and the breach may extend from the downside to the 0.6840 support as the second target. A break of the 4-hour downtrend above […]
The pair is fluctuating around the neckline of the upside down head and shoulders pattern shown on the chart … and the possibility of a bullish move remains intact as long as the pair remains above 1.3215 and the pair could return to 1.3435 (first target) and 1.3545 as the second target and then 1.3655 […]
The price is currently floating around the 4-hour uptrend line which is breached by a four-hour closing below 0.9975. It may be making a bearish scenario with targets around 0.9910 as the first target and then 0.9830 as the second target. A return to the upside and a breach of resistance 1.0095 could push the […]
Trading is limited between resistance 1310 and support 1293 … exit price from this area may be enough to confirm its direction … A breach of 1310 could reinforce the upside potential towards 1326 resistance as the first target and then the 1345 resistance as the second target … What breach of support 1293 might […]
The pair is moving in a sideways direction forming a symmetrical triangle pattern as shown on the four hour chart … Going out of the area specified in the image determines the direction of the price. A breach of 111.85 could push the pair to target 112.50 as the first target then 113.15 as the […]
The pair is moving sideways below 1.3340 (the first target that was achieved) in an attempt to gain bullish momentum due to the saturation signals indicated by the Stochastic and rsi indicators on the daily time frame … breaching the mentioned resistance may push the price to further rise towards the second resistance level 1.3480 […]
The potential bullish scenario remains intact as long as the pair remains above 1.1230 to be the potential targets around the bearish trend line shown on the chart at 1.1400 as the first target, which could push the pair further towards resistance 1.1500 as a second target … A return to the downside and a […]
By Roslan Khasawneh, Ahmed Rasheed and Ahmed Elumami SINGAPORE/BAGHDAD/TRIPOLI (Reuters) – At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders. The shipments were loaded onto […]
By Tom Finn LONDON (Reuters) – The dollar rose on Wednesday, attracting safe-haven bids after reports of further tension in U.S.-China trade negotiations, but its gains were slight, with caution expected from the Federal Reserve at its policy meeting later in the day. Volatility in foreign exchange markets has plummeted due to a dovish shift […]
By Tom Finn LONDON (Reuters) – The Japanese yen rose on Tuesday, benefiting from a U.S. dollar hit by concern over the U.S. economy and expectations that the Federal Reserve will prove accommodative at a meeting this week. The euro also profited from the weaker dollar, adding 0.2 percent to $1.1348 (EUR=EBS). Markets expect the […]
