EURUSDThe pair was able to complete forming the expected bearish technical pattern in our last reports, achieving the daily and weekly closing below the breached neckline at 1.2730; therefore, making us to expect a bearish direction for this...
After the downside correction stopped at 38.2% Fibonacci correction which started following the breach of the medium term’s ascending channel. The index rushed in an attempt to return to the bullishness yet was restricted by the 100...
EURUSDThe pair ascended quickly towards 1.2900 but managed to built its base once again in front of the pair’s attempts to move to the upside due to support from SMA 50, where it reversed to the downside to...
After breaching the support for the support rising wedge shown below, the index rose slightly to retest the breach but was faced by the 100 MA which is strong resistance over short term basis, confirming the breach...
EURUSDThe pair was able to breach 1.2830 and stabilize below it and thereby activating yesterday’s suggested bearish direction; therefore, we can expect a bearish intraday trend targeting first the breach of the vital support for the short term...
Crude was able to achieve the initial awaited target at 74.20 and rebound to the upside sharply to retest the previously breached pivotal level at 75.80, accompanied by stochastic entering overbought areas. This makes usexpect to resume...
After the bold attempt to breach the main support for the general upside wave on July 28, trading returned to trade to the upside supported by the formation of a falling wedge where gold breached its resistance...
The index continues the downside correction triggered after recording the top at 23107 and as seen on the daily chart above, the 38.2% correction stopped the downside move to push the index higher towards the channel’s resistance.
Crude stabilized trading below the previously breached 61.8% Fibonacci correction that has currently turned into resistance at 75.80, thus pointing to chances of resuming the bearish direction that has started after breaching support for the bullish channel...
EURUSDThe pair continued fluctuating around pivotal 1.2830, accompanied by the stochastic entering overbought areas and therefore pointing to chances of resuming the expected bearish overall direction this week. From here, we expect a bearish intraday trend that targets...
