Everything may happen, yes, it is difficult to witness a decline in the Dow Jones index with the weakness of the dollar index, but I trust the technical analysis in this matter and the Dow will continue its decline towards levels of 31300 and may correct slightly to continue its march towards 30200 levels. 🔥💥 Like, Shared and subscription 💥🔥 Note: If you are a...
Gas this week had a strong bullish movement, and I expect it to complete this movement next week, with a correction that may target 6.40 levels, from which it may launch towards 7.0 levels.The gas has been in an ascending channel for 11 days, but will it breach it and rise towards the 7.0 levels? We wait next week to see what it has in store. 🔥💥 Like, Shared and...
Oil is still trading in an ascending channel on the four-hour frame, and I expect this price to decline at the beginning of next week, to trade at 89 areas, from which it may continue its rise towards 92, but the 92 area has important resistance if it breaches it and closes above it, we may see it at 97 levels. Sometimes oil is only interested in fundamental...
Gold is rising and rising in one day by 530 points, and I expect that the buying movement will be strong in the middle of next week. Although the Fed raised the interest rate on the US dollar by 4%, but a day later gold shone towards the 1680. Monday will be full of corrections, including a correction for gold that may reach 1668 or around it, less or more, but...
The dollar TVC:DXY is still strong as we used to be , but it has been under selling pressure for a month or more with a bearish channel on the four-hour period. When we look at the dollar and move away in timeframes, we will see that the dollar is currently on the monthly, under strong resistance and under the tip of the upper ascending channel. As for...
There is a divergence on the monthly frame on each of the indicators (RSI, CCI, HIST, MOM). Can we see a deep correction towards the Fibonacci 61 level or the end of the bearish trend to advance towards a new top? anything could happen.. What do you think?
Hello traders, how are you? Since last week I have been looking for a buying opportunity for the USDMXN pair, the price approached a very strong support, a support that has not been broken since the eighth of December 2020. There is also a divergence on the 4h frame for CMF, VWMACD and MOM , this gives a strong indication of the price reversal from the current...
As we can see in the dollar-Canadian pair, there is a head and shoulders formed on the 4-hour frame, the neck was broken, but the price has not returned to test it. It is better to look for a retest and then enter selling for this pair. Next Thursday, we have important news on the Canadian dollar, which is the GDP. Let's see what this week has in store for...
The Dow Jones and the rest of the indices' performance last week was positive and beautiful, but I see that the decline has not ended yet, especially with the risks of recession and the weakness of the dollar next week. They are all thoughts and expectations. This is a market of expectations, where nothing is certain. . . Important rules: 1: Use a small lot 2:...
Hello traders? As I expect the dollar to fall this week, it is natural that gold, with its reverse movement with the dollar, will be an ideal rise, and the news supports its rise, as the G7 decides to ban the import of Russian gold to increase restrictions on Moscow with the continuation of the Russian-Ukrainian war and • Britain, America, Japan and Canada ban...
Hello traders! The movement of the dollar for this week, we all know that the market these days is moving in an incomprehensible movement. We are now in a downside direction for all markets, including forex, stocks and even digital currencies. The dollar's movement against a basket of currencies this week will be mostly in a bearish direction, as shown in the...
Gold has now got an impulse to the upside after it was moving in a sideways movement to the bottom, forming a bearish channel with light liquidity since the beginning of this week, now the price has breached the descending channel and we are waiting for a return to 1834 price to activate the buy order. Entry : 1834 SL: 1822 Tp1: 1837 Tp2: 1840 1p3: 1872...
FX:AUDUSD The Australian dollar has reached a strong resistance from which the price rebounded twice, and with the weakness of the US dollar, it is an opportunity for the Australian dollar to regain some strength to rise even a little against the US dollar. We have strong resistance below the current price and there are a divergence in OBV and MOM . Good Luck...