GOLD PRICE TECHNICAL ANALYSIS gold break down major support and cross down 1305 $ , also we can see thatGold failed to break up the upper bounder in 1360- 70$, we can see very clearly on the charts – trading between 1200-1360+- areasThe big question is when this shuffle trend will finish: will it go to 1400$ Or 1100$? We…
Forex Market Analysis EUR/USD dropped to 1.1830 last week and recovered a bit. Euro – resistance at 1.2070+_ only closed above this level will confirm more up moves while failing to hold above this level will bring for more down moves to 1.1670+_ In the long term, the chance of long-term bullish reversal is going down as long as the…
Trade correlation between the price of oil and Canadian dollar The price of oil versus the Canadian price is not as balanced as it has been throughout historyThere is a very big distortion between the twoI understand that there is a lot of politics now: positive pressure on Iran’s oil and the tension in the Middle East,And the Canadian because the…
Turkish lira Analysis Forecast I was wrong in my assessments of the Turkish lira – I mean the maximum area of 4.18-4.22 and the Turkish pound easily bypassed it due to the tension in the Middle East and the strengthening of the dollar in the worldThe Turkish lira dived and reached a peak today all the low against the dollar…
crude oil technical analysis forecast last march I posted an analysis for crude oil I just want to put this chart here – One picture is worth 1000 words now we are very close to those areas – it will be very crucial for crude oil prices : This review does not including any document and/or file attached to it as an advice or…
markets technical analysis forecast update Last week we saw strong movements in the indices, starting with declines at the beginning of the week, which intensified on Thursday when the Dow Jones reached 23500 points. But that day the index reversed and returned strongly to the upside, which continued to close the trading weekend on Friday after the release of unemployment…
USD CAD PRICE TRADE IDEA Canadian dollar made some recover moves due Dollar Index broke above the key 92.00 level, the biggest spike since Dec 2016 – to its highest level since mid-January. With net speculative positioning at extreme shortsSome of the pairs in the forex market are facing critical junction points for a further move against the dollar in…
EUR USD TECHNICAL ANALYSIS FORECAST EUR/USD dropped since February last record sharply below 1.21 last week.Only strong break down of 1.1960 key support confirmed medium term topping.The upside of recovery should be broken up by 1.2340 resistance to bring another record.break down Below last lows last week 1.2054 will target 1.1960.The ECB will need to inform the markets by June–July…
FOREX MARKET TECHNICAL ANALYSIS FORECAST Forex market Step Forward Two Back Scubido”Dollar Index broke above the key 90.00 level, the biggest spike since Dec 2016 – to its highest level since mid-January. With net speculative positioning at extreme shortsSome of the pairs in the forex market are facing critical junction points for a further move against the dollar in the world.I…
FOREX MARKET TECHNICAL ANALYSIS EUR USD ANALYSIS EUR/USD traded narrow strip since JanuaryFailed to take out 1.2560 resistance and retreated, break up again on daily basis 1.2560 price level will confirm medium term rally resumption and target next key Fibonacci level at 1.2860However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1760 support.It’s still…