The pair has received support from the bullish trend line shown on the chart during yesterday’s trading to witness some positive movements during today’s trading. The breach of resistance 1.3340 (the first objective of the ascending scenario) may push the pair higher towards the second target at 1.3480 and then 61.8% of the general bearish […]
Yesterday, the pair has breached the descending trend line, which represents the upper limit of the bearish wedge pattern shown on the 4 hour chart, which may be enough to end the downside scenario and activate a bullish scenario with targets around 0.7215 as the first target and resistance at 0.7290 as the second target. […]
The pair is still fluctuating around the neckline of the upside-down head and shoulders pattern shown on the chart … and the upside remains as long as the pair remains above 1.3215 and the pair could return to 1.3435 (first target) and 1.3545 as second and then 1.3655 as the third target. A break of […]
The breach of the ascending trend line shown on the chart, as well as the 0.9975 level, was enough to reverse the bearish scenario that was mentioned yesterday, and the price subsequently retreated strongly to achieve its first target at 0.9910 support which is currently moving around it … The sell saturation indicated by Stochastic […]
The price of gold rose yesterday breaking the resistance 1310, which strengthens the probability of continuation of the upward trend to be the next targets around the resistance 1326 as the first target and then the February summit around 1345 as a second target … The price may need to retest the 1310 – 1311 […]
The pair is still floating sideways below 1.3340 (the first target that has been achieved) in an attempt to gain bullish momentum due to the overbought signals indicated by Stochastic and RSI indicators on the daily time frame … breaching the mentioned resistance may push the price further towards the second target level at Resistance […]
The pair rallied strongly to reach its first target at 1.1400 yesterday, ending the bearish trend line shown on the 4 hour chart, which may push it towards further upside towards the second target around 1.1500 resistance … The bullish momentum is sufficient due to the overbought condition appearing on the Stochastic and RSI indicators. […]
The possible bearish scenario remains intact as long as the trades remain below the 4 hour chart’s bearish line, targets remain around the 61.8% Fibonacci level at 0.6960 as the first target and the breach may extend from the downside to the 0.6840 support as the second target. A break of the 4-hour downtrend above […]
Trading is limited between resistance 1310 and support 1293 … exit price from this area may be enough to confirm its direction … A breach of 1310 could reinforce the upside potential towards 1326 resistance as the first target and then the 1345 resistance as the second target … What breach of support 1293 might […]
The pair is moving in a sideways direction forming a symmetrical triangle pattern as shown on the four hour chart … Going out of the area specified in the image determines the direction of the price. A breach of 111.85 could push the pair to target 112.50 as the first target then 113.15 as the […]
