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 is still trading in its sideways range, and although it broke 102.37 levels and closed above the 200 moving average in the hourly time frame, it soon returned to decline to the lower boundary of the horizontal range at 101.61 levels, and if it is broken, the next drop target will be 101.26 levels.
XAU-USD
Gold reached the lower border of its horizontal range at 1948.33 levels and actually rose until it reached the upper border of the horizontal range at 1984.15 levels, and closed above, but failed to stabilize above, and therefore, in the event that it succeeds and returns to close above, the targets for the rise will be 1994.40 levels, then 2003.45 levels, respectively. But if it fails to exceed 1984.15 levels, we expect a further decline until 1975.44 levels.
Brent Crude
Brent crude started trading with an upward price gap resulting from the decisions of the OPEC countries to cut production, and therefore we expect more rise to 86.47 levels, then 88.08 levels, but on condition of stability above 83.05 levels, but in the case of a downward correction, we expect a decline to 80.27 levels.
EUR-USD
The pair is still trading in the range, but it managed to form a higher bottom at 1.07876 levels and rose to the upper boundary of the horizontal range at 1.09151 levels, and therefore if it fails to break it, the drop will be to 1.08450 levels, then 1.07876 levels, but if it manages to break it, it will be the target for the rise. It is 1.09411 levels.
GBP-USD
The pair was able to rise again after bouncing from the support levels 1.22848 until it reached 1.24236 levels, and therefore if it managed to break it, the next target for the rise will be 1.24519 levels, but if that fails, it will be a correctional drop to 1.23550 levels.
USD-CAD
The pair continues in its downward trend and managed to bottom at 1.34108 levels, so we expect some bullish correction until 1.34906 levels, then completing the decline again, and the other scenario is breaking 1.34108 levels directly without the bullish correction, and the next drop target will be 1.33558 levels
Dow Jones
The Dow index continued to rise until it managed to break 33500 levels, and in the event of stability above, we expect further rise to 33851 levels, then 34243 levels, but in the event of failure to stabilize above 33500 levels, we expect a drop to correct to 32930 levels.
Leave A Comment