EURUSD The pair rushed to retest the previously breached support level shown above in red. Momentum indicators are still showing negative signs as the pair reaches the resistance for the minor ascending channel and therefore a minor...
The minor ascending channel within the main upside channel continues to control silver’s short term trend especially after the support level held against the last downside move.
After reaching the recorded top at 570.50 the metal started a downside correction reaching 38.2% as provided on the weekly chart above. We can see that the 50 MA is supporting the metal from below, while Stochastic...
Crude continues to push upwards while forming a bullish technical pattern this time after halting at the top level recorded yesterday at 75.35, which represents the neckline for the suggested new bullish technical pattern.
EURUSD The pair almost managed to achieve the key awaited target from yesterday at 1.2420, but support levels have halted this ascend – 38.2% Fibonacci and the minor ascending channel in addition to the MA 50 accompanied...
Crude pushed upwards to touch the awaited main target at 73.45 that has formed strong resistance in front of the current crude price due to negative signs that are appearing through momentum indicators. These factors bring up...
EURUSD The pair managed to breach the morning pivotal resistance at 1.2290. Stochastic is showing positive signs that support the suggested scenario, therefore our expectations remain valid as far as 1.2150 remains intact.
The daily chart above shows how trading for the pair has been constructed within the ends of a bullish “Falling Wedge” pattern; the pair is approaching its resistance at 1.6800 though by assessing momentum indicators we can...
Crude Oil Crude succeeded in achieving yesterday’s suggested scenario breaching the neckline at 70.95 and continued to steadily trade within the current ascending channel shown above…..
EURUSD The pair succeeded in achieving the suggested scenario yesterday flawlessly, but main support had descended to 1.2150 maintaining a strong stance in front of achieving more downside movement. Currently accompanying it would be positive signs appearing on Stochastic that...
