After recording the bottom over medium term basis at 80.07 the index started an upside correction which reached the 38.2% correction around 83.30 which forced the index to decline towards 23.6% which is strong support for the...
The pair continues trading within the descending channel organizing the short term bearishness since July. After recently reaching the resistance for the channel the pair head to the downside targeting the support for the channel around 82.00.
Platinum is still trading sideways among the support at 1485.00 and the resistance at 1602.00, and after reaching the support for the range recently, the metal rushed to the upside targeting the resistance for this range supported...
Crude continued its bullish trend yesterday stabilizing above SMA 50 affected by the minor bullish technical pattern that has formed at 74.40. Signs of a larger bullish pattern appear over four hour chart, where its neckline is...
EURUSDSMA 50 was able to halt the pair’s upside movement yesterday, where it managed to achieve a daily closing below the pivotal levels of 1.2775. This maintains the suggested bearish direction intact, supported by negative signs appearing on Stochastic.
After recording the top at 94.48 the pair started the downside correction breaching 38.2% then 50% correction and facing 61.8% which is the critical obstacle over short term basis.
Crude is trading within a bullish channel shown in the chart above, where this channel organizes the bullish correctional trend that crude has started from 70.75.
EURUSDThe pair stabilized trading below 1.2770 – 1.2730 and thereby pointing out that it will resume the bearish short term trend after the temporary ascend that has started on the 24th of last month. Some fluctuation and...
With the start of the second quarter, the bunds entered an ascending medium term channel and trading within it as shown on the daily chart above.
Silver extended beyond the recorded peak last May around 19.80, and by assessing the metal over weekly basis, we can see last week’s closing was exactly at this level –shown on the secondary chart below-.
