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 […]
The pair has been moving within a narrow range since the opening of this week’s trading … Although these moves have been below the ascending trend line shown on the chart, it is still supported by the SMA 50, which remains on the possible bullish scenario as long as trades remain above 109.75 and possible […]
The pair is retreating after losing its bullish momentum near the resistance zone 1.2960 … breaching the upper limit of the channel shown on the chart is the weakest probability of a decline, but it remains as long as the trades remain below the mentioned resistance, and the price could target 1.2820 again as the […]
The negative pressure on the pair returned after testing the lower limit of the breached price channel shown on the 4 hour chart … Stochastic and RSI indicators are showing bearish momentum. The downside potential remains intact as long as trading remains below 1.1350 to be the next targets around 1.1220 as the first target, […]
The pair rose today, breaking the resistance zone 0.7120 – 0.7145, which may be sufficient to end the downside scenario which achieved its first target at 0.7075 … It is preferable to stay neutral until the price quite from the area specified on the chart to determine its direction … A breach of 0.7170 could […]
