FXHighway

FXHighway

Target: 1260.00. Risk: 1238.50 Technical reasons: Gold price move within intraday ascending channel pushed to breach 1238.50 again, and it faces important resistance now at 1250.00. Surpassing this resistance will push to 1260.00, while breaking 1238.50 will press the price to turn to decline.

FXHighway

Target: 1210.00. Risk: 1251.00. Technical reasons: Gold price broke 1238.50 level, indicating an expected decline within the rising wedge, as the next target is testing 1210.00. Surpassing 1238.50 then 1251.00 will push the price to achieve good gains and visit 1260.00 initially.

FXHighway

Target: 0.6650 Risk: 0.6910 Technical reasons: Facing 50% Fibonacci correction level that formed strong resistance forces the price to stop the bullish wave, and signals of expected bearish rebound in the coming period. Breaking 0.6795 will confirm the continuation of the decline towards 0.6650 then 0.6425, while surpassing 0.6910 will push the price for more...

FXHighway

Target: 2700 Risk: 3820 Technical reasons: Bitcoin price continues to move around 3400.00, waiting for more decline supported by the exponential moving averages 50 and 100. Our next target at 2700.00, and the continuation of the expected decline requires the consolidation below 3820.00.

FXHighway

Target: 1260.00 Risk: 1238.50 Technical reasons: Gold price stability above 1238.50 supports the continuation of the bullish trend, and surpassing 1250.00 will confirm rallying towards 1260.00 as a next target. RSI attempts to get positive momentum to support the expected rise, while breaking 1238.50 will push the price to decline again.

FXHighway

Target: 115.00 Risk: 112.25 Technical reasons: The USDJPY pair’s return to the ascending channel indicates achieving expected additional rises, and surpassing 113.95 will confirm rallying towards 115.00 initially. On the other hand, breaking 112.90 then 112.25 will put the price under negative pressure that its first target reaches 111.40.

FXHighway

Target: 1.2400 Risk: 1.2550 Technical reasons: The important support line at 1.2550 is broken, to open the way to visit our next target at 1.2400. The negative pressure continues, and we might reach 1.2000 on the short term basis, while surpassing 1.2550 will push the price to achieve gains that reach 1.2900.

FXHighway

Target: 1.1185 Risk: 1.1444 Technical reasons: The EURUSD pair rebound from the strong resistance 1.1444 pushes the price to test the important support 1.1310, and the price move inside a symmetrical triangle indicates the price head to continue the main bearish trend after breaking the pattern’s support. The bearish trend will be expected as long as the price...

FXHighway

Target: 1260.00 Risk: 1238.50 Technical reasons: Gold price surpassed 1238.50 level, and the price attempts to surpass the rising wedge’s resistance, and it is expected to head towards 1260.00 in the coming period. Consolidating above 1238.50 will keep the expected rise, and breaking it will push the price to the bearish trend again.

FXHighway

Target: 111.40 Risk: 112.85 Technical reasons: The USDJPY pair broke the ascending channel’s support line after witnessing three descending tops, targeting 111.40 level next. The price consolidation below 112.85 keeps the expected bearish trend, while surpassing it will push the price to the ascending channel again.

FXHighway

Target: 1.1590 Risk: 1.1310 Technical reasons: The EURUSD pair begins the attempts to surpass 1.1444 level, especially after placing ascending bottoms recently, giving chances to rise in the coming period, and the target is testing the descending channel’s resistance at 1.1590. The bullish trend will be expected unless the price failed to surpass 1.1444 today.

FXHighway

Target: 2700.00 Risk: 3850.00 Technical reasons: Strong decline that pushed Bitcoin price to achieve the expected target at 3400.00, and the price move below this level indicates the continuation of the negative pressure on the short term and medium term basis. The next target at 2700.00, while achieving it requires consolidating below 3850.00.

FXHighway

Target: 45.00 Risk: 53.20 Technical reasons: Crude oil price declined again to test 50.25 level, with signals to continue the bearish trend to break this level and head to 45.00 then 42.00. The exponential moving average 50 supports the expected decline, and consolidating below 53.20 is important to continue the bearish trend.

FXHighway

Target: 0.7000 Risk: 0.7285 Technical reason: The bullish trend line is broken, and the price falls under the pressure of the exponential moving average 50 and 100, waiting for expected decline in the coming period, and the next target at 0.7000. The price stability below 0.7285 keeps the negative pressure valid

FXHighway

Target: 100.00 Risk: 95.80 Technical reasons: The continuous move inside the ascending channel provides signal to continue the bullish trend on the short term and medium term basis, and surpassing 97.94 will push the index to 100.00 barrier. The exponential moving average 50 supports the expected rise, and consolidating above 95.80 is important to continue the...

FXHighway

Target: 140.00 Risk: 134.50 The pair's success to surpass the sideways range resistance pushes the price to continue the main bullish trend, thus, the next target will reach 140.00 areas. The exponential moving averages 50 and 100 support the expected rise, while settling above 134.50 is required to achieve the mentioned target.

FXHighway

Target: 63.00 Risk: 57.25 Technical Reasons: Crude oil price success to surpass the bullish pennant pattern's resistance pushed the price towards our waited target at 60.00, waiting for more rise as the price moves above the bullish trend line that appears on the chart. The extended target reaches 63.00, while breaking 57.25 will force the price to turn its...

FXHighway

Target: 1320.00 Risk: 1281.10 Technical reasons: Gold price rally to surpass 1281.10 supports achieving more rise, and the next target is located at 1299.10, while surpassing this level will push the price towards our main waited target at 1320.00. The bullish bias will remain dominant and expected for the coming days conditions by settling above 1281.10.