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 managed to rise, but with a weak acceleration, and was able to close above the resistance level of 103.70, and therefore if it manages to stabilize above, we expect more rises to 104.40 levels, but in case of failure to stabilize above, we expect a drop to correct to 103.44 levels.
XAU-USD
Gold continued to decline, as it managed to break 1950.95 levels, and we expect more declines until 1935.44 levels, and if it managed to break it, the next drop target will be 1922.68 levels
Brent Oil
Crude oil managed to fall strongly, as it managed to break the support levels of 77.36 and the minor ascending trend line, and therefore we expect more declines, and if it managed to break 75.09 levels, the next drop target will be 73.35 levels
EUR-USD
The pair traded sideways in yesterday’s trading and failed to complete the decline, so if it managed to rise to correct and break 1.07472 levels, we expect a rise to 1.07651 levels, but if it settles below 1.07472 levels, we expect the continuation of the decline until 1.06878 levels
GBP-USD
The pair was able to retest the resistance level 1.23874, and it fell strongly and settled below 1.23503 levels, therefore we expect a further drop to 1.22756 levels.
USD-CAD
The pair continued to rise until it reached the important resistance level of 1.36370, and if it manages to break it and stabilize above it, we expect more rises to 1.36936 levels.
Dow Jones
The Dow index traded sideways in yesterday’s trading, and therefore we expect either a decline and a breach of 32582 levels, and the target for the drop will be 32403 levels, and the other scenario is an ascension and a breach of 32933 levels, and the target for the correction will be 33146 levels
Leave A Comment