Risk Disclaimer
Trading contracts for difference (CFDs related to commodities, forex, indices, and stocks)
It carries a high level of risk and can result in the loss of all your investment. As such, CFDs may not be suitable for all investors.
Before deciding to trade, you should be aware of all the risks associated with OTC CFD trading, and seek advice from an appropriately licensed and independent financial advisor. Past performance is not a reliable indicator of future results.
Forecasts are not a reliable indicator of future performance. General information and/or recommendations provided by the Company should not be construed as investment advice.
For more information, please visit the General Risk Disclosure Policy.
Dollar Index
The dollar index was able to achieve a lower bottom at 102.60 levels, and it is still trading in a descending price channel in the hourly timeframe, and we expect more declines, provided stability below 103.05 levels. The other scenario is breaking 103.05 levels upwards, and the start of an upward correction until 103.40 levels initially.
XAU-USD
Gold managed to break 1968.08 levels and started a bearish correction until 1935.44 levels, and if it managed to break it, the next level for correction will be 1913.66 levels.
Brent Crude
Brent crude managed to rise after breaking the bearish trend line in the hourly timeframe and closing above EMA 50, so we expect more rises to 76.22 levels, and if it is broken, the next target will be 78.06 levels.
EUR-USD
In yesterday’s trading, the pair was able to achieve higher gains, after breaking 1.07683 levels and surpassing the last peak formed in the middle of this month, and in case of stability above, we expect more rises to 1.08026 levels.
GBP-USD
The pair failed to stabilize above 1.22677 levels and started a bearish correction until 1.21953 levels, and if 1.21663 levels are broken, the target for the bearish correction will be 1.21230 levels, but in the case of returning and closing above 1.22677 levels, we will continue the rise again.
USD-CAD
The pair was able to actually rise until it reached the bearish trend line that is compatible with the moving average of 200 in the hourly time frame, and therefore we expect a decline to 1.36899 levels, then 1.36553, and if the pair manages to break 1.36553 levels, we expect more declines to 1.35825 levels.
Dow Jones
The Dow index was able to break the upper border of the range at 32332 levels, and in case of stability above, we expect a further rise to 32940 levels, but if it fails to stabilize above and closes below 32332 levels again, we expect more declines again.
Leave A Comment