SalemSignals

SalemSignals Sep 11, 2023

The trend began at 1.989 within the descending triangle and the break occurred in the 1.956 area on the four-hour chart. The break occurred and continues initially at 1.940. The rest is clear to us on the chart.The trend began at 1.989 within the descending triangle and the break occurred in the 1.956 area on the four-hour chart. The break occurred and continues...

SalemSignals Updated  Sep 11, 2023

The news of the Canadian GDP caused a decline, which caused the pair to rise, affected also by the news of the US unemployment last week, which confused the calculations of the technical analysts. Technically, the pair's arrival at 1.48 is a large overbought area, which necessitates a correction, and perhaps the trend will reverse. The pair closed at 1.464 and...

SalemSignals Updated  Sep 10, 2023

The index broke point 105 to begin a short sub-trend to point 104,400. This is on the hourly chart and of course before the news that expects inflation to return to the upside again, which will raise the dollar again, but we pay attention here that at the beginning of the week the index will drop to the point that you see on the chart and then we wait for news....

SalemSignals Updated  Sep 10, 2023

Gold is still trying to break point 1930 to move to further horizons. On the weekly chart, the trend line is located at the current point of 1918, and on the daily chart it has broken the falling trend line, which makes it reach the bottom of the weekly chart, which will lead to its rise to 1960. Of course, we should not ignore the stop loss, but it is likely....

SalemSignals Updated  Sep 10, 2023

Before the Apple conference, we talk technically: Overbought is very high on all levels, as the upward rebound started from $172 and continued ignoring the negative market movement, and we see that liquidation will occur from the $187 area, with the likely target $182 in the medium term to the Moving Average 50

SalemSignals Updated  Sep 10, 2023

The news of the unemployment rate is negative for the dollar, which caused it to fall slightly, but the opportunity is favorable for a slight reversal of the dollar downward. The pair is technically capable of rising to 0.603 points, and this is a resistance point after which it will return to complete the downward trend The news of the unemployment rate is...

SalemSignals Sep 2, 2023

The rebound was from a very important and stubborn point 95,000, reaching the highest point since the beginning of the trend, 93,000, and after all indicators were saturated, and here we are talking technically, we must go back to the same point 93,000, but with some reversals, including 94.6, which is an important resistance line, but we must enter from where it...

SalemSignals Sep 2, 2023

In the short term, the Federal Reserve is preparing to announce the last interest rate for the year 2023. This announcement will be very important, and raising the interest rate is known to everyone. Technically, we say that gold seemed clear to accumulate at the 1903-1920 area, and it may return to these points soon due to the increase in weighted interest rates....

SalemSignals Aug 20, 2023

We will talk technically: The Japanese yen seemed stubborn in the past period, especially since last July, so all the currencies corresponding to it suffer a sharp decline in value, including the euro, which reports showed its weakness in the second quarter of this year. The pair's arrival to its top this week suggests that we are still on the rise, although we...

SalemSignals Aug 19, 2023

Gold is still moving in a downtrend since July, and in my opinion, it will continue for a while due to the decisions of the Federal Reserve, which is violently fighting inflation until it reaches 2%. Technically, gold broke many support lines, including 1909, 1903, and 1896, and only 1886 remained of these supports. Of course, the most powerful point is 1854-1848....

SalemSignals Jun 30, 2023

As we expected before, gold reached the 1920 area, but it was not that strong that made gold return to above 2000, and here this dotted area became a resistance area after it was a support area. After the rebound that occurred this week, we expect gold to continue its negativity, and we see that it will return to the 1877 region if interest rates continue to be...

SalemSignals May 21, 2023

If we compare the previous chart to this, we will find that we are still in the stage of decline or correction to the $1920 area, and this is what we mentioned in the previous weekly chart, but until it reaches there we are talking about up and down movements, so when the price reaches $2000 or around it, it is given Sell ​​order to the previous target area. On...

SalemSignals May 20, 2023

Cryptocurrencies are still the best option after the constant threat of the fall of the dollar, and every day we see that cryptocurrencies find more acceptance, despite the manipulation of some wallets and whales who try to put pressure on currencies. Technically, we are talking about the $30,000 point, which is considered the most difficult and is the point of...

SalemSignals May 20, 2023

We have all seen the sharp decline of natural gas, which began since August 2022, until it reached areas it had not reached in its history, at around $1.9 during the past two weeks. It refused to drop further. And here it is returning to the current areas, through which it will be a strong base from which it will start upward. I expect it to return a little to the...

SalemSignals May 11, 2023

Although the US Federal Reserve has announced an increase in the interest rate, the dollar did not rise enough, perhaps because people expect that it will be the last hike, but inflation is still high and its decline has begun to slow, so the Fed must continue to raise, which may fall in gold, generally as a technical analysis breaking the 2000 area $ A clear...

SalemSignals Apr 3, 2023

Technically, it will collide with the resistance trend, which is headed by $182 down to $168. The buying momentum is not strong, which gives the impression that buyers are still cautious, and the majority of trading is speculative. The expectation is to touch the trend line, then return to the broken support point of $157, and then break it to the $145 area.

SalemSignals Mar 19, 2023

Since the US dollar will rise as a result of raising the interest rate, the Australian dollar is likely to fall, but here we are talking about contradiction in currencies, and we will use technical analysis more than fundamental analysis, and since the pair has broken the trend line located at 0.919, it is likely that the pair will continue to rise. Rising to an...

SalemSignals Mar 19, 2023

At the level of news, we are talking about bank failures in America and Europe, which means that both currencies are subject to a decline, but in fact there is an announcement of the interest rate from the US Federal Bank, which will be on 3/22/2023, and it is expected that the rate will be raised by 0.25. I think the number is relatively small Based on Jerome...