The pair is still moving sideways between the resistance at 0.7190 and the support at 0.7075 … it is preferable to remain neutral until one of these levels is breached to confirm its direction. A breach of 0.7190 – 0.7200 could push the pair to target resistance at 0.7290 as the first target, then resistance […]
The downside scenario remains valid as long as the pair remains below the resistance at 1.3235 to keep the target at 1.3070 as the first target, which could push the pair further towards 1.2915 as the second target and then 1.2780 as the third target. A break of 1.3235 might be enough to end the […]
After reaching its first target at 0.9910, the pair ended yesterday’s trading session to move back near the breached support area 0.9980 – 1.0005 which has become resistance … The downside potential remains valid as long as trading remains below the SMA 100 on the 4 hour frame … and the pair could resume its […]
Gold fell yesterday and during today’s Asian session breaching the ascending trend line as shown on the daily chart, ending the ascending scenario which achieved its second target at 1345 resistance … Despite breaching the mentioned trend line, the general trend structure remains bullish as long as the trades remain higher Support 1300 – 1302 […]
The pair rose yesterday and during morning trading for the day, achieving its second target of the rally at 111.70, which is near the upper limit of the rising channel channel shown on the graph for four hours … The current upward trend could continue to the level of the third target at resistance 112.50, […]
The pair is approaching the 1.3235 – 1.3210 support area as we see on the 4 hour chart … The RSI is still within the bullish momentum zone and Stochastic is moving within the oversold area as it may be indicating that the price has gathered enough momentum to resume its bullish trend. The possible […]
The pair has achieved its first target at 1.1405 to return quickly to trade around the support area 1.1365 – 1.1350 … the recent trend structure is still rising … Stochastic has entered the oversold area and the RSI is still within the bullish momentum on line 50 … The possible bullish scenario remains intact […]
The pair is moving in a sideways direction between resistance 0.7190 and support 0.7075 … It is preferable to remain neutral until one of these levels is breached to confirm its direction. A breach of 0.7190 – 0.7200 could push the pair to target resistance at 0.7290 as the first target, then resistance 0.7385 as […]
The downside scenario remains valid as long as the pair remains below the resistance at 1.3235 to keep the target at 1.3070 as the first target, which could push the pair further towards 1.2915 as the second target and then 1.2780 as the third target. A break of 1.3235 might be enough to end the […]
The pair was unable to hold steady below 0.9980 during yesterday’s trading to resume trading above … The negative cross of the 50 and 100 simple moving averages may be a sign that the downside may continue, but it is better to wait for a clear breach of 0.9980 to confirm this possibility. This is […]
