Stability above the 109.90-110.10 area maintains the potential bullish scenario with targets around 110.90 as the first target and 111.70 as the second target … The overbought position on the RSI may press the price to retest the mentioned territory before heading to the potential targets. A break of 109.45 with a four-hour closing might […]
The pair received support from 1.2830 – 1.2815 (50% Fibonacci), rising during the US session yesterday and morning intraday trading near the upper limit of the bearish channel shown on the 4 hour chart … Stochastic is floating within the oversold area and the RSI is still within the momentum zone Down below the 50 […]
The pair has not been able to hold long below the support level 1.1290 because of the saturation of selling indicated by the indicators Stochastic and RSI on each of the four-hour time frames and day, to rise during the day yesterday, ending trading above the level mentioned … On the daily time frame note […]
The pair is hovering around the first target of the bearish scenario at 0.7075 since the opening of this week’s trading … The possible bearish scenario remains intact as long as the pair remains below 0.7170 and could target its second target around 0.7020 support and then the 61.8% Fibonacci retracement of the recent bullish […]
Stability above 1.3230 – 1.3210 supports the potential bullish scenario with targets around 1.3370 as the first target, then 1.3515 as the second target and then the last summit around 1.3660 as the third target. A break and support break of 1.3175 with four-hour closing might be enough to derail the upside scenario and could […]
Yesterday, the pair rose again from its first target at 1.0060 after receiving support from the 1.0000 – 0.9990 area which corresponds to the ascending trend line shown on the chart. The possible bullish scenario remains intact as long as the trades remain above the mentioned trend line to remain the next key target around […]
Gold keep moving near the 1309-1298 support area … RSI is still within the bullish momentum and Stochastic points to a positive … The upside potential remains valid as long as the trades remain above the ascending trend line shown on the daily chart to keep the targets around 1326 resistance as the first target, […]
A clear breach of the resistance area 109.90 – 110.10 and we see on the four hour chart confirms the possibility of resuming the bullish trend whose targets are around 110.90 as the first target and then 111.70 as a second target … The saturation that appears on the Stochastic and RSI may press the […]
The pair ended yesterday’s trading below the first target of the downside scenario at 1.2910 (38.2% Fibonacci) … The price is approaching its second target at 1.2810-15 (50% Fibonacci) … The possible bearish scenario remains dropping as long as trades remain below 1.3000 – 1.3030 … A breach of 1.2810 could extend from the current […]
The negative pressure continues on the pair to stabilize the pairing at the moment below the second target level of the downside scenario at 1.1290. The bearishness indicators are appearing on the Stochastic and RSI indicators …..possible downside scenario remains with weak area being revised around the first target levels at 1.1350 and could target […]
