focal: 1.3350The pair is still within the ascending channel and is heading towards achieving the first target at 1.3414 and with a break of 1.3430 could push the pair to further gains at the second target 1.3450A return below 1.3350 might see the negativity close to the 1.3330 level and breaching this level will push […]

focal:1310.00Upward scenarioThe stability of the precious metal above the base level may push it to 1320.50 and with a breach of this level we might test the 1325.00 level. We may see strong resistance at this pointDownward scenarioWith a breach of the base level at 1310.00 may push the pair to test the resistance of […]

focal: 109.55Upward scenarioThe pair is heading towards achieving the first target at 111.10 and with the stability and break this level may see further gains at 111.60 and with the breach of this point pushing the pair to achieve the third target at 112.15Downward scenarioTo return to the bearish scenario, the pair must break the […]

Yesterday, the pair received support from the SMA 100 on the four hour frame to close at a high near the resistance level of 0.7145. A breach of this resistance might reinforce the possibility of a bullish move. The pair could then target 0.7215 as the first target and resistance 0.7290 as the second target. […]

The bullishness remains valid as long as the pair is above the bullish trend line shown on the 4 hour chart, but it is better to break the resistance 1.3340 (the first objective of the ascending scenario) to confirm this possibility, Resistance 1.3480 then 61.8% for the general downside wave around 1.3630 as a third […]

The pair fell during Thursday and Friday to settle below the upper limit of the bearish wedge pattern shown on the 4 hour chart. A breach of support at 0.7055 might be enough to end the upside potential, and the pair could then go to test 61.8% Fibonacci at 0.6960. The rise and break of […]

The pair ended the trading session last Friday on the upside after receiving support from the bullish trend line shown on the 4 hour chart, breaking the resistance 1.3340 (the first objective of the bullish scenario that has been achieved) may push the price to further rise towards the second target level at 1.3480 resistance […]

Following the neckline of the upside-down head and shoulders pattern shown on the chart, the pair rose yesterday to settle above the 50 and 100 SMA, which supports the possibility of further gains towards 1.3435 (the former target), 1.3545 as the second target and resistance at 1.3655. As a third target. A break of the […]

The possible bullish scenario remains intact as long as the pair remains above the 1298 support to be the next targets around the resistance 1326 as the first target and then the February summit around 1345 as the second target. A break of the recent 4-hour closing below 1298 might be enough to derail the […]

The possible bearish scenario remains intact as long as the trading remains below resistance 111.70 and the pair may be testing the support at 110.05 as the first target and then the 109.25 support as the second target and it could extend to support 108.50 as the third target. A breach of 111.70 resistance might […]