The metal continues trading within the main ascending channel over medium term basis, and lately it breached the neckline for a continuation bullish pattern at 560.00 signaling that trading is to continue within the ascending channel.
EURUSDThe pair is finding difficulty in surpassing 1.3680 yet still within the minor ascending channel above. We expect the intraday upside wave to continue today targeting the main resistance for the bullish channel at 1.3810. Breaching areas...
Crude inclined as expected yesterday and currently consolidating above 80.00 areas. We have mixed signals on the chart above, where crude breached the 76.4% Fibonacci correction and approaching the resistance for the ascending channel structuring the current...
The index is trading an ascending channel since mid year which represents the medium term bullish trend. Yet, since rebounding from the channel’s support on August 25, the index did not surpass the middle line for the...
EURUSDThe pair yesterday continued fluctuating above 1.3600, although negative signs are appearing on momentum indicators. A rising wedge pattern has a ppeared with a broken support level. This points out that some minor bearish movement is required to retest 1.3500 before continuing the expected...
Crude succeeded in achieving yesterday’s suggested scenario flawlessly, where it is currently showing a bearish reversal due to the negativity of momentum indicators; therefore, making us expect some bearish correction that could build a base on 76.80...
Copper continues to trade within the main ascending channel organizing the general upside wave which started from 125.35 and was stopped temporarily at the recorded top of 365.50 on April 04, 2010 for a downside correction which...
EURUSDThe pair inclined strongly, breaching 1.3500 to activate yesterday’s scenario and now the overbought signs are appearing on momentum indicators. We expect a retest of the breached level before resuming the expected bullish intraday trend. The technical targets start at 1.3700...
Crude found strong support at the MA 50 that maintains the suggested bullish trend scenario in our previous reports, where all is needed now is the clear breach and stability above the neckline at 76.60. Thus, we can...
The downside correctional channel still controls the pair’s movement since the correction was triggered from the recorded top at 163.05; the downside correction extended beyond the main levels yet 76.4% correction was strong support against further bearishness...
