FXHighway

FXHighway

Gold price showed good rise yesterday to provide signals of regaining the bullish trend after testing 23.6% Fibonacci level for the last rise, which makes the bullish trend expected for the coming period, and surpassing 1210.00 level will confirm the continuation of achieving gains on the short term basis. The exponential moving average 100 supports the waited...

FXHighway

The USDJPY pair tested the descending channel's resistance and settles near it now, to keep the correctional bearish bias valid until now, and the price needs to break 114.54 level to support our expectations of continuing the bearish trend in the coming period. Thus, the decline will remain expected on the short term basis, and the next target is located at...

FXHighway

The GBPUSD pair showed good rise yesterday after managing to surpass 1.2300 barrier, to continue recovering on the short term basis, and the next correctional target is located at 1.2460, while the price needs to surpass 1.2380 to confirm the continuation of rising in the coming period. 1.2300 level forms important support ground to continue the expected bullish...

FXHighway

The EURUSD pair managed to surpass 1.0673 to the upside and build support ground above it, to open the way to continue rising and head to 1.0750 that represents our next target, while the further targets located at 1.0874. The exponential moving average 100 supports the bullish trend in the coming period, while the price to settle above 1.0612 to continue the...

FXHighway

Bitcoin price settles inside the bullish channel that carries the price from 755.00 areas, to keep the bullish trend dominant on the intraday and short term trading, supported by stochastic and the EMA50 positivity. Therefore, we believe that the way is open to continue rising in the upcoming period, and the targets begin by breaching 924.50 barrier to open the...

FXHighway

Target: 1.0936 Risk: 1.1405 Technical reaons: The EURUSD pair could not manage to breach 1.1357 level, failing to return to the previously broken bullish channel, showing negative trading that signals that the negative pressure will dominate the coming trading. The exponential moving averages 50 and 100 form negative pressure on the price, thus, the bearish...

FXHighway

Target: 1.4000 Risk: 1.3285 Technical reasons: The GBPUSD completed forming the inverted head and shoulders’ pattern that appears on chart, thus, the way is open to cover some of the losses that the price suffered recently, as the full target of the mentioned pattern is near 1.4000. The exponential moving averages 50 and 100 provide the positive support to the...

FXHighway

Target: 41.88 Risk: 47.00 Technical reasons: Crude oil price is placing descending tops since last month, to form triple top formation that appears on chart, which puts the price under negative pressure that we expect to push it for bearish correction of the short term basis. After breaking 23.6% Fibonacci – for the rise from 26.06 to 51.67-, the way is open to...

FXHighway

Target: 1405.00 Risk: 1303.62 Technical reasons: Gold price moves inside a major ascending channel that signals more gains for price to achieve, targeting 1405.00 areas as a main target. The recent trades are confined inside a falling wedge pattern that has positive nature, thus, all we need is a breach to 1336.55 to trigger the positive effect of this pattern...

FXHighway

Target: 1.1616 Risk: 1.1040 Technical reasons: The EURUSD pair shows recovery attempts after the sharp decline that appeared recently and stopped around 1.0936, to witness positive trades and attempts to return to the previously broken ascending channel, after 61.8% Fibonacci level – for the rise from 1.0516 to 1.1624 – managed to stop the last decline. On the...

FXHighway

Target: 1388.00 Risk: 1303.62 Technical reasons: Gold price achieved strong gains to breach 1303.62 level and touch our waited target at 1350.00, approaching from retesting 1303.62 level that turns into support line now, at the time that stochastic gains the positive momentum gradually. The exponential moving averages 50 and 100 continues to support the price...

FXHighway Updated 

Target: 1350.00 Risk: 1243.19 Technical reasons: Gold price touched 38.2% Fibonacci level at 1205.80 and bounced higher strongly from there, offering signals of attempting to return to the main bullish trend, as it tests the recently recorded high at 1303.62. The positive support provided by the exponential moving averages 50 and 100 supports going for more...

FXHighway

Target: 1.1800 Risk: 1.1135 Technical reasons: The EURUSD pair managed to reach the ascending channel’s support line, and begin to rebound bullishly and build new short term bullish wave, to head upwards in coming period, and the main target is represented by visiting this channel’s resistance at 1.1800. The exponential moving averages 50 and 100 support the...

FXHighway

Target 51.67 Risk: 48.45 Technical reasons: Crude oil price was few pips shy from our waited target at 45.62, which represents 23.6% Fibonacci for the rise from 26.05 to 51.67, to return trading above the main bullish trend line now, which signals that the price is regaining its main bullish trend. The exponential moving averages 50 and 100 provide positive...

FXHighway

Target: 45.62 Risk: 49.00 Technical Reasons: Crude oil price continued the pressure on the main bullish trend line until it managed to break it and closed the daily candlestick below it, to begin bearish correction for the bullish wave that started from 26.05 reaching to 51.67. Therefore, the negative pressure will be expected for the coming period, and the...

FXHighway

Target: 777.00 Risk: 657.70 Technical Reasons: Bitcoin price rallied upwards strongly to surpass our waited target at 657.70 and builds support base above it, which hints the extension of the bullish wave on the short term and medium term basis, opening the way to head towards 777.00 in the coming period. The exponential moving averages 50 and 100 keeps...

FXHighway

Target: 1.4000 Risk: 1.2910 Technical Reasons: The USDCAD shows positive trading recently to form bullish pattern, which is the inverted head and shoulders’ pattern that appears on the above chart, this pattern’s confirmation line is located at 1.3180, and breaching it will offer strong positive motive that supports heading towards 1.4000 areas. The exponential...

FXHighway

Target: 657.70 Risk: 459.30 Technical Reasons: Bitcoin price continued its sharp rise to start testing 38.2% Fibonacci level for the decline measured from the historical top recorded at 1163.00 to 152.40, which forms key resistance barrier at 538.45, as breaching it represents the continue the bullish trend on the medium term basis, and the next target is...