Through the image above, we find that a bullish wave has started after breaching resistance for the bearish short term channel that halted at 38.2% Fibonacci correction; whereas the bullish correction is moving within the minor ascending...
EURUSDThe pair succeeded in achieving the suggested scenario yesterday, especially after breaching support for the rising wedge and heading to the downside due to the negative pressure, in addition to the MA 50. Momentum indicators are showing...
Areas of 76.4% Fibonacci held against the pair downside attempts within the descending channel over medium term basis; the pair rebounded to the upside towards the channel’s resistance where it neared those areas and settled for 137.75...
Crude appreciated strongly after settling above the previously breached downside channel’s resistance levels, affected by the rising technical pattern that witnessed a breach for its neckline at 73.95 along with the momentum indicator’s entering overbought areas. Accordingly,...
EURUSDThe pair fluctuated near the previously breached pivot support levels at 1.2730, with attempts to stabilize above it. Note that, the last week’s closing level was exactly at these levels, accordingly, preserving our expectations of adownside wave during this week, supported...
The index succeeded in completing the bearish head & shoulders pattern which we mentioned before with the neckline at 1040.00; the index breached the neckline though lacked the downside momentum to reach the targets in addition to...
Trading exited the main ascending channel to correct the entire upside wave which started from 745.00 to the top at 1752.50, this downside correction is finding difficulty in breaching 23.6%. As seen above, trading is restricted within...
Crude breached resistance for resistance for the bearish channel yesterday, where we notice that the bullish wave is wedged within the rising wedge that has breached its support, where it holds the ability help crude return within...
EURUSDThe pair was stuck above resistance for the previously breached bearish channel and below the retest level 1.2730; whereas momentum indicators lost bullish momentum and thereby maintaining chances of achieving yesterday’s suggested bearish scenario intact. We expect a...
Silver continues trading within the main ascending channel over medium term basis since the recorded bottom at 8.48 and halted temporarily at the top mid May of 19.80. The temporary stop was for a needed downside correction...
