The pair rose strongly on Thursday, reaching its first target at 1.0095, to retreat on Friday in an attempt to gain some bullish momentum due to the saturation condition that was indicated by the Stochastic and RSI indicators on the four-hour framework, which shows positive signs now … The possible bullish scenario remains valid with […]
The price of gold rose last Friday to test the area 1300-1302 as expected due to the saturation of the sale was indicated by the momentum indicators … Stochastic pointing to a negative intersection is currently a sign that the price has gathered enough momentum to resume falling … The possible bearish scenario remains intact […]
Although the upside scenario which achieved its second target at 111.70 has become weak after breaching both the 50 and 100 averages, it remains intact with support at 110.90 which corresponds to the bullish trend line shown on the 4 hour chart and is trying to support the price as we see … The return […]
A break the support level of 1.3100 was sufficient to activate the bearish scenario and push the price aggressively towards its first target at 1.3000 … The pair is currently supported by the bullish trend line shown on the chart as momentum indicators are moving within the oversold zones. The bearish trend is shown in […]
The pair fell strongly to reach its third target of the downside scenario at 1.1235 last Thursday to resume trading higher on Friday in an attempt to test the 1.1215-1.1240 breached support area after receiving support from 1.1185 of 61.8% Fibonacci of the wave that started from the bottom of 01/01 / 2017 and ended […]
DUBAI (Reuters) – Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day (bpd), while keeping its output “well below” 10 million bpd, a Saudi official said on Monday, as the kingdom seeks to drain a supply glut and support oil prices. State-owned Saudi Aramco’s oil allocations […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dropped by more than one percent on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned of continued weakness and fresh data showed Chinese exports and imports slumped last month. With surging U.S. supply also unsettling markets, international benchmark Brent crude […]
The pair is approaching the breached support area at 0.7055 – 0.7075 and we see on the 4 hour chart that it is possible to press the price to reach 61.8% Fibonacci at 0.6960 as the first target and the breach may extend from the downside wave to support the 0.6840 support as the second […]
The pair rallied strongly on Tuesday and Wednesday, influenced by the upside-down pattern of the head and shoulders pattern shown on the 4-hour chart to achieve its first target at 1.3440, which is currently moving around it … This trend is likely to remain for the next targets around 1.3545 as the second target and […]
A clear breach by the pair to the area resistance 1.0010 – 1.0025 during Tuesday trading to return during the day yesterday in an attempt to re-test and gather enough momentum upward as we note on the four-hour framework, it may be enough to activate the scenario of upward is located the first target around […]
