Crude continues inclining due affects from the falling wedge shown yesterday, where it nears from resistance for the bearish channel around 73.30 after achieving some descend to retest resistance for the previously breached falling wedge. Momentum indicators are...
EURUSDThe pair continues to fluctuate around resistance for the bearish short term channel until it recently breached this resistance at 1.2695, finally fluctuating to show a bullish technical pattern that is near completion.
After the 38.2% correction halted the pair’s downside move, the pair rushed to the upside within the short term upside channel; after reaching the channel’s resistance areas around 0.9220 trading reversed normally, yet over daily basis the...
EURUSDThe pair pushed to correct the bearish wave mildly, according to the suggested scenario in yesterday’s reports and returned to negatively pressure it to resume trading within the current bearish trend. We notice that momentum indicators have...
Crude yesterday descended towards the awaited levels around 71.40 rebounding to the upside to form a bearish technical wedge that has breached its resistance level.
Updating our technical overview for the previous published report of August 12, we see how the index succeeded in achieving the completing steps for the bearish pattern. Not only that, but also it breached the neckline followed...
Crude stabilized below the pivotal resistance of 74.15 achieving a closing below it, alongside the bearish channel that controls the short term bearish wave that has started from the recorded top of 82.95.
EURUSDThe pair was able to achieve the suggested bearish scenario yesterday as it neared the initial key target around 1.2570, but managed to currently push for some bullish correction due to the positive signs which are appearing...
The pair halted the downside move from the recorded top at 0.7634 which structured within the descending channel over daily basis, where the pair stopped at the 38.2% correction and rushed form there to the upside breaching...
Crude continued its negative pressure to breach 76.4% Fibonacci at 74.15 to close last week below it, thus showing strong signs of the bearish trend continuing although positive signs are clearly appearing through momentum indicators and cause...
