he pair has been floating sideways around 111.70 (the second objective of the bullish scenario) since the opening of this week’s trading … Stochastic on the daily time frame is trying to exit the oversold area and the four hours is moving within the oversold area and the RSI is still within the bullish momentum […]
Trading is limited between the 1.3100 support and the resistance of SMA 50 … The price direction is between the downside and the resistance below 1.3245 and the upside after the rebound from the 1.3100 support … so it is preferable to remain neutral until the pair is out of the area specified on the […]
The pair exceeded its first target at 1.1315 to return to test yesterday and to gather some bearish momentum … The possible downside scenario remains as long as the trading below the resistance 1.1365, and may be heading to the second target at 1.1275 support and then the bottom which is the middle of February […]
The pair has been floating since the opening of trading this week around the lower border of the side trend area shown on the chart at 0.7075 – 70 … It is best to stay neutral until the pair is out of the mentioned area to confirm its direction. A break of support at 0.7075 […]
The pair ended yesterday’s trading on the breach of the neckline pattern of the upside down head and shoulders pattern shown on the 4 hour chart, but it is better to wait for a breach of resistance 1.3325 to confirm the reversal of the mentioned pattern to be the next targets around 1.3435 as the […]
The downside potential remains valid as long as trading remains below 1305 (23.6% Fibonacci level) … The price is heading to its first target at 38.2% around 1275 and the breach may press the gold to move to the next support around 1250-1240 The price may need to retest 1300-1302 to gather enough bearish momentum […]
Trades continue to fluctuate within the resistance zone 0.9980 – 1.0005, which is supported by the 50 and 100 moving averages on the 4 hour frame which is trying to pressure the price. However, breaking the latest bearish trend and the positive cross of Stochastic near the oversold area may signal further upside … So […]
Trading is still stable at 111.70 (the second objective of the bullish scenario) and around the upper limit of the bullish channel shown on the 4 hour chart … Stochastic is pointing to a positive cross and the RSI is still within the bullish momentum area. The 50 is probably indicating that the price has […]
The negative pressure on the pair continues to move below the bullish trend line shown on the 4 hour chart and below the SMA 50 ending the bullish scenario that achieved its first target at 1.3340 … although the breach of this trend signals further downside but the trend structure is still bullish Supported by […]
The Euro fell yesterday, breaching the bullish trend formation started by mid last month and ending below the support of 1.1350 ending the bullish scenario which achieved its first target at 1.1405 … stability below 1.1350 – 1.1365, in addition to the negative cross of the 50 and 100 simple moving averages on the hour […]
