The pair has not yet been able to hold steady below 1.3195 which makes neutral the preferred level until breaching this level to confirm the continuation of the decline to support the test 1.3070 as the first target, whose penetration may extend from the decline towards 1.2915 as a second target and then 1.2780 as […]
The pair fell yesterday to near the support level 1.000 – 0.9990 after failing to breach the resistance 1.0060 (the first target of the bullish scenario) … Although the failure of the scenario of the fall is below 0.9980 but it is better to wait for the price to return to trade higher 0.10060 to […]
Gold completed its rise during the morning session to touch its second target at 1345 resistance … The price may need a bearish correction to gather enough momentum due to the bullish saturation signals indicated by the momentum indicators on the daily time frame before heading towards its main target and the third that is […]
The pair is currently floating its first target at 110.90 … The possible bullish scenario remains intact as long as the trading remains above 109.75 and it could reach its second target at 111.70 then 112.50 as the third target … Momentum indicators on both the four hour and daily basis support this possibility . […]
The pair has seen a significant rally during yesterday’s trading, breaking the 1.2960 level and ending the downside scenario, which achieved its second target at 1.2815 … The pair is currently trading above the 100 SMA in a bullish formation as seen on the 4 hour chart. 1.3090 as the first target and then 1.3210 […]
The pair rose strongly during yesterday’s trading to reach the area of failure of the downside scenario at 1.1350 resistance which has not been able to penetrate until now … Closing four hours above the mentioned resistance may push the price for further rise towards the resistance 1.1405 as the first target and then 1.1460 […]
It is preferable to stay neutral until the price is way out from the area specified on the chart to determine its direction … A breach of 0.7170 could push the pair to test 0.7230 as the first target and then 0.7290 as the second target. A rebound below 0.7075 could reverse the downside scenario […]
The movements are still within the sideways trend area shown on the 4 hour chart … it is best to stay neutral until the price is out of this area to determine its direction … Going back to the upside and breaching 1.3325 might be enough to activate the upside down head and shoulders pattern […]
The pair is rising after finding support at 1.0025, which is in line with the SMA 50, although the price is moving below the ascending trend line shown on the chart, but the trend structure is still rising, keeping the potential upside scenario at 1.0060 As long as trading remains above 0.9980 and could be […]
Gold ended yesterday’s trading on the upside, achieving its first target of the bullish scenario at the resistance of 1325 … This scenario remains as long as the trades above the upward trend line shown on the daily chart and may be targeted in the near term resistance level 1335 as the second target and […]
