Stochastic is moving within the oversold area and the RSI is trying to base itself on the midline 50, so that the possible bullish scenario remains valid with the upside of the upsidedown head and shoulders pattern shown on the chart to be the next targets around 1.3545 as the second target and then the […]
The potential bullish scenario which has reached its first target at 1.0095 remains intact as long as the pair remains above 1.0030, and the pair can move to the second target around 1.0165 and 1.0250 as the third target. A drop and a break of 1.0030 might be enough to end the upside scenario, and […]
The possible bearish scenario remains intact as long as the trading remains below 1305 (23.6% Fibonacci) to be the first target at 38.2% Fibonacci around 1275 and the breach may press the gold to the next support around 1250-1240. A breach of 1305 and stability above might be enough to end the current correction and […]
The pair continues to rise after receiving support from the level of 110.90, despite this rise, but trading is still stuck between the moving averages of 50 and 100 … The return of the price of trading higher than the simple moving average 50 around 111.70 may enhance the possibility of the rise to the […]
The EUR is trading higher after finding support from the 1.1185 level of 61.8% Fibonacci of the wave which started from the bottom of 01/01/2017 and ended at the top of 10/02/2018 … A daily close below the mentioned level could push the EUR further bearish towards 1.1100 As the first target and then psychological […]
Trading remains stable below 0.7055 – 0.7075 support area, which was breached during last Wednesday’s trading … The possible bearish scenario remains intact as long as the pair remains below the bearish trend line shown on the 4 hour chart. The targets remain around 61.8% Fibonacci at 0.6960 as the first target, May extend from […]
The price fluctuates around the first target level at 1.3435 … The possible bullish scenario remains valid with the effect of the upside down head and shoulders pattern shown on the chart to be the next targets around 1.3545 as the second target and then the 1.3655 resistance as the third target … A break […]
The pair rose strongly on Thursday, reaching its first target at 1.0095, to retreat on Friday in an attempt to gain some bullish momentum due to the saturation condition that was indicated by the Stochastic and RSI indicators on the four-hour framework, which shows positive signs now … The possible bullish scenario remains valid with […]
Although the upside scenario which achieved its second target at 111.70 has become weak after breaching both the 50 and 100 averages, it remains intact with support at 110.90 which corresponds to the bullish trend line shown on the 4 hour chart and is trying to support the price as we see … The return […]
A break the support level of 1.3100 was sufficient to activate the bearish scenario and push the price aggressively towards its first target at 1.3000 … The pair is currently supported by the bullish trend line shown on the chart as momentum indicators are moving within the oversold zones. The bearish trend is shown in […]
