EURUSD closed lower -16-01-2024

EURUSD ended trading yesterday below 1.0960, reactivating the negative scenario, which depends on the formation of the head and shoulders pattern that appears in the picture. Therefore, we are waiting for the realization of the negative target starting at 1.0860 and extending to after a break above the previous level 1.0765.

EMA50 forms negative pressure, supporting the expected continuation of the bearish trend. Unless it breaks through 1.0960, then breaks through the 1.0995 mark, and holds above it, the bearish trend will continue to be effective.

Today's trading range is expected to be between the 1.0830 support level and the 1.0980 resistance level.

Expected trend today: Bearish

EURUSD awaits confirmation signals - 12-01-2024

Unable to break above the 1.0960 support line, the EURUSD pair continues to be trapped between the trend key represented by the above-mentioned support level and the 1.0995 resistance level, continuing to remain neutral until we get clearer signals of the next trend, as the price faces the following contradictions: technical factors.

We remind you that a break above the above-mentioned support will push the price downward again towards the completion of the head and shoulders pattern, targeting a break above 1.0860 to reach 1.0765, while a break above the resistance will cause the price to recover and realize the initial gains. Access the 1.1080 zone.

The expected trading range today is between the 1.0890 support and 1.1070 resistance.

Expected trend today: Neutral

Crude oil 11-01-2024 midday update

Crude oil prices are showing some slight bearish bias, approaching the key support of 70.80, with negative pressure forming at EMA50, supporting the continuation of the expected bearish trend today. Its objectives start with a break of the aforementioned support, opening the way towards the 70.00 level, followed by the 67.04 level on a near-term basis.

Therefore, unless 72.20 is breached and held above it, the bearish trend scenario will remain active today.

Today's expected trading range is between the 69.80 support and 72.70 resistance.

Expected trend today: Bearish

EURUSD 11-01-2024 midday update

The EURUSD pair remains stuck between the key points of the trend represented by the 1.0960 support and the 1.0995 resistance, which keeps our neutral in effect as price would need to move above one of these levels to clearly detect the next destination.

Contradictions between technical indicators provide another reason for neutrality, while expected targets following a breakout are detailed in our EURUSD pair morning report.

The expected trading range today is between support at 1.0890 and resistance at 1.1060.

Expected trend today: Neutral

Golden 11-01-2024 midday update

Gold prices are crawling upwards, approaching the small bearish channel support line, noting that the randomness has clearly lost its positive momentum, waiting for the price to resume the bearish wave expected today. Its target begins with a move above key support at 1977.46 to confirm a rebound towards 1977.46, reminding you that the first condition for continued expected decline is to remain below 2044.85.

The expected trading range today is between support at 200.00 and resistance at 2040.00.

Expected trend today: Bearish

Crude oil prices test support – Analysis – 15-11-2023

Crude oil prices staged a bearish rebound after hitting the bearish channel resistance emerging on the charts, testing key support at 77.86, with stochastics noted to be shedding their negative momentum and approaching oversold territory. Wait for the price to resume the expected bullish wave within the day, with its next target reaching 81.20.

Therefore, the bullish trend scenario will remain valid and active for the period ahead, watch out for a break above 77.86 to halt the bullish trend and push the price back to a corrective bearish trajectory again.

Today's expected trading range is between 77.30 support and 80.20 resistance.

Expected trend today: Bullish

Gold price builds support foundation-Analysis-15-11-2023

The price of gold closed above the 1962.35 level yesterday and started to provide active trading based on this level before today's opening. This supports the opportunity to realize more expected gains during the day, waiting to test the 1975.00 level, forming a key resistance for intraday trading. As a breakout, it represents the key to resuming the main bullish trend with an additional positive target of 20000.00 on the next leg.

Therefore, a bullish trend is still recommended in the coming period, and note that a breakout of 1962.35 will stop the expected rise and push the price downward again.

Today’s expected trading range is between support at 1950.00 and resistance at 1980.00.

Expected trend today: Bullish

EURUSD confirms breakout - 15-11-2023

The EURUSD pair closed yesterday above the 1.0860 level to confirm the continuation of the corrective bullish trend dominance and move towards the next positive target at 1.0960, which is supported by the EMA50 which supports the price from below.

Therefore, we await more expected gains in the upcoming session, noting that a break above 1.0860 will halt the positive scenario and push the price lower towards an initial test of 1.0760.

The expected trading range today is between support at 1.0800 and resistance at 1.0960.

Expected trend today: Bullish#ETH #外汇 #欧美货币对

EURUSD midday update on 14-11-2023

The EURUSD pair is showing fresh positive trading towards the breakout of the descending triangle resistance line and an attempt to hold above it, which urges caution on the upcoming trades as consolidation above this level will lead the price to continue rising and end with The 1.0760 level is dominant.

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For now, we prefer to remain on the sidelines until the price confirms its next destination by monitoring the 1.0700 level, noting that a trade below this level again would reactivate a negative scenario with targets starting at 1.0640 and extending to 1.0540.

The expected trading range today is between support at 1.0610 and resistance at 1.0750.

Expected trend today: Neutral

EURUSD in negative territory - 14-11-2023

The recent trading of the EURUSD pair has been restricted within the descending triangle pattern that has appeared on the chart, so the chances of resuming the expected bearish trend intraday remain valid, while the price needs to break through 1.0660 to activate the negative effects of this pattern, followed by a rebound , surpassing key support at 1.0640, opening the way to additional negative targets towards 1.0540.

Therefore, we will continue to recommend a bearish trend in the coming period and watch for a break above the 1.0700 mark to push prices towards an intraday rise, with a target test of 1.0760, supported by stochastic negative sentiment, before the next trend can be clearly identified.

The expected trading range today is between support at 1.0610 and resistance at 1.0750.

Expected trend today: Bearish

Crude oil 13-11-2023 midday update

Crude oil prices are showing some slight bullish bias and are close to testing key resistance at 77.86, and as we mentioned this morning, prices need to hold below this level to keep the bearish trend scenario active today, supported by the negative pressure forming at the EMA50. As a reminder we are waiting to visit 75.50 and then 73.73 as the next major station.

Today's expected trading range is between 74.70 support and 77.60 resistance.

Expected trend today: Bearish

Gold price attempts recovery - Analysis - 14-11-2023

After gold prices found solid support at 1933.30, trading with clear positivity to test secondary resistance at 1943.00, we note that stochastics have clearly lost their positive momentum and are now starting to overlap. This creates a negative incentive for us to hint at a bearish bias in the upcoming session, awaiting another test of 1933.30, mind you, below which it would push prices to 1909.80 as the next major target.

EMA50 continues to support the suggested bearish wave, considering that consolidation above 1943.00 will lead the price to achieve more gains and test 1962.35 as the main bullish stop.

Today’s expected trading range is between support at 1925.00 and resistance at 1955.00.

Expected trend today: Bearish

Crude oil 13-11-2023 midday update

Crude oil prices are showing some slight bullish bias and are close to testing key resistance at 77.86, and as we mentioned this morning, prices need to hold below this level to keep the bearish trend scenario active today, supported by the negative pressure forming at the EMA50. As a reminder we are waiting to visit 75.50 and then 73.73 as the next major station.

Today's expected trading range is between 74.70 support and 77.60 resistance.

Expected trend today: Bearish

EURUSD midday update on 13-11-2023

The EURUSD pair is currently testing key resistance at 1.0695 and consolidating below it, with stochastic touches of overbought territory awaiting the expected resumption of the bearish trend today. Its target starts at 1.0640 and extends to 1.0540 as the next level after breaking the previous level, reminding you that it is important to stay below 1.0695 to continue the expected decline.

The expected trading range today is between support at 1.0600 and resistance at 1.0740.

Expected trend today: Bearish

Crude oil prices resume their downward trend - Analysis-13-11-2023
Crude oil prices opened today and started to strengthen from the 77.86 mark, reinforcing expectations of a continuation of the bearish trend, and the path is open to achieve our negative target, which starts from 75.50 and extends to 73.73.

Stochastic now provides a clear negative signal in support of the suggested bearish trend operating within the bearish channel appearing on the chart, reminding you that holding below 77.86 is very important to achieve the suggested target.

Today's expected trading range is between 74.70 support and 77.60 resistance.

Expected trend today: Bearish

Gold hits target - Analysis - 13-11-2023

The price of gold successfully touched the target level we are waiting for at 1933.30, which represents the 38.2% Fibonacci correction level of the rise from 1810.33 to 2009.30. In addition to being affected by the previously completed double top pattern, it fell under the continued negative pressure formed by EMA50. This supports the chances of a move beyond current levels, opening the way for more bearish corrections with the next target reaching 1909.80.

Therefore, we expect to see more negative trading in the upcoming session, noting that failure to move above 1933.30 will result in the price trying to establish a bullish wave with the main target being a test of 1962.35.

Today's expected trading range is between support at 1915.00 and resistance at 1950.00.

Expected trend today: Bearish

EURUSD loses momentum - 13-11-2023

The EURUSD pair found good support at the EMA50, showing some slight bullish bias, noting that the stochastic has clearly lost its positive momentum, waiting for the price to resume negative trading with an initial test of 1.0640. As a reminder, a break above this level will push the price toward negative targets starting at 1.0540 and extending to 1.0450.

Therefore, the bearish trend will remain active, watch out for a break above 1.0695 to cause the price to gain additional gains towards 1.0760 before any new downside attempts.

The expected trading range today is between support at 1.0600 and resistance at 1.0740.

Expected trend today: Bearish

Crude oil 10-11-2023 midday update

Crude oil prices have been moving within a sideways trajectory since the morning, therefore, there is no change in the expected bearish trend scenario today, with the target at 75.50, followed by the 73.73 level, reminding you that a break above 77.86 will stop the expected decline and push the price to try to recover during the session .

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Today's expected trading range is between the 75.00 support and 78.00 resistance.

Expected trend today: Bearish

EURUSD midday update on 10-11-2023

The EURUSD pair has not shown any strong moves since early morning and continues to fluctuate around the EMA50, therefore, there is no change in the expected bearish trend scenario today, which is dependent on the formation of a double top pattern appearing on the chart. The target is for a break above 1.0640 to open the way to 1.0540 and then the 1.0450 level, noting that consolidation at the 1.0640 level under the current negative pressure will push the price to try to establish a bullish wave intraday.

The expected trading range today is between support at 1.0580 and resistance at 1.0740.

Expected trend today: Bearish

Crude oil prices get negative signals - Analysis-10-11-2023

Crude oil price tested the 77.86 level and made a bearish rebound from there, resuming the expected bearish trend in the intraday and short term, motivated by the stochastic negative sentiment now emerging, in addition to the negative pressure formed by the EMA50, waiting for the next major target to touch the 75.50 and then the 73.73 level .

Holding below 77.86 is important to achieve the suggested target, as a break above this target represents the key to starting a recovery attempt and establishing a bullish wave with targets at 79.90 and then the 81.20 area.

Today's expected trading range is between the 75.00 support and 78.00 resistance.

Expected trend today: Bearish