Hello everyone, GBPUSD 4H NEW FORECAST The GBPUSD price finds strong support at the 1.2480 level. The 50 moving average forms negative pressure that supports the chances of continuing the expected downward trend for the coming period, whose next target reaches 1.2425 and 1.2385. We expect the bearish intraday trend, keeping in mind that a breach of $1.2515...
Hello everyone, Dow Jones 4H NEW FORECAST Yesterday, the index price succeeded in resuming the upward attack, taking advantage of the formation of the 38800 level of the neck level of the inverted two-peak pattern, which in turn confirms the dominance of the bullish scenario. We noticed that it achieved some positive goals by reaching about 39100. We would...
Hello everyone, GOLD 4H NEW FORECAST The gold price did not show any strong movement yesterday, as it remained stable around 2310 There is no change in the expected bearish trend scenario in the intraday term, which targets visiting the 38.2% Fibonacci retracement level at 2260 as the next main stop. The 50 moving average continues to support the suggested...
Hello everyone, USNAS100 4H NEW FORECAST The index price returned to offer side trading as a result of the conflict of the main indicators. We note that it was trapped between the stable barrier at 18265.00 and the additional support level positioned near 18025. We expect the price to continue to fluctuate currently between the previously mentioned axes, so we...
Hello everyone, GBPUSD 4H NEW FORECAST Trade the British pound against the dollar Analysis of performance and expectations for upcoming trades Continuous decline towards 1.2480 and beyond Breaking the support level and reaching 1.2385 as a negative target Expectations for further decline in the coming sessions Given the negative behavior of the GBP/USD rate, it...
Hello everyone, SPx500 4H NEW FORECAST The index price maintained its positive stability above the additional support centered near 5175, confirming to us that it was affected by the previously suggested upward path, and we can notice its fluctuation currently near 5210. Also, the combination of the main indicators in presenting positive momentum supports the...
Hello everyone, WTI Oil 4H NEW FORECAST Analysis of performance and expectations for upcoming trades Continuing negative trading towards the 76.00 level, waiting for a break of 77.65 Expectations of the negative impact of the double top pattern and the 50 moving average It is necessary to breach the 79.60 level to stop the corrective wave and begin recovery...
Hello everyone, Dow Jones 4H NEW FORECAST The index price achieved some additional gains in yesterday's trading by touching the 39092 level, and then was forced to form some temporary negative bounce, affected by the attempt of the Stochastic indicator to exit the overbought level. We would like to remind you that the bullish scenario will remain with repeated...
Gold price trading Analysis of performance and expectations for upcoming trades Expected scenario Continuing the downward corrective trend towards a target at 2260 Continuing negative impact from the 50 moving average It is necessary to breach the 2325 level to begin recovery attempts and the expected rise The price of gold did not show a strong movement...
Hello everyone, WTI Oil 4H NEW FORECAST Oil price fluctuates positively, approaching testing the pivotal resistance 79.60. The price needs to remain below this level for the bearish corrective trend to remain effective. Breaking 79.60 represents the key to starting recovery attempts and achieving gains up to 81.50 initially. Moving average 50 supports the...
Analysis of the price of the British pound against the dollar Expected scenarios and trading range The pound sterling price against the dollar stabilizes around the 1.2550 level, awaiting the resumption of the bullish wave to breach the $1.2580 level and confirm the continuation of the rise to achieve new gains up to 1.2624, supported by the 50 moving average...
Hello everyone, GOLD 4H NEW FORECAST Expected scenarios and trading range The gold price shows some slight upward bias to test the moving average 50, which constitutes good resistance against the price, protecting the bearish corrective trend scenario and supporting the chances of resuming the decline during the coming sessions, waiting to visit the 2260 level...
Hello everyone, Oil 4H NEW FORECAST Oil price trading below 79.60 keeps the bearish corrective scenario active. Targeting 77.65 as the next target, as it represents the 61.8% Fibonacci level of the previous high. The effect of the previously completed double top pattern on the price of oil. Exceeding the 79.60 level and holding above it may stop the downward...
Hello everyone, GOLD 4H NEW FORECAST Sideways trading with the price of gold remaining below 2325. Negative pressure from the EMA 50 keeps the bearish corrective trend scenario active. Targeting 2260 as the next negative stop. Features of a negative pattern that may push the price to exceed the mentioned target and head towards an additional downward...
Hello everyone, Dow Jones 4H NEW FORECAST Yesterday, the index price formed a strong upward corrective rebound, taking advantage of the formation of the 37950 level as strong support We noticed that it compensated for some losses by reaching the barrier positioned near 38680 and stabilizing below it. The continued stability below this barrier supports our...
Hello everyone, GBPUSD 4H NEW FORECAST The price of the pound sterling against the dollar is trading with noticeable positivity after consolidating above the 1.2480 level, heading towards a possible test of the 1.2580 level, and we expect the bullish tendency to continue in the immediate term to exceed this level and achieve additional gains up to...
Hello everyone, EURUSD 4H NEW FORECAST Confirmation of the breach of the 1.0715 level after closing the daily candle above it. Continuation of the rise to return to the bullish intraday channel. Starting to make gains starts with testing the 1.0765 level. It is expected that breaching the 1.0765 level will extend the bullish wave to reach 1.0800 . The 50...
The largest cryptocurrency in the world recorded its highest levels ever Expected scenario: continuation of the upward trend Bitcoin (BTCUSD) price trading stabilizes around the 70200 level after the rise it witnessed yesterday, and we notice that the Stochastic indicator is showing negative signs that hinder the price’s mission to continue rising, waiting to...