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.
The dollar index managed to break 102.03 levels and close outside the descending price channel, and therefore in case of stability above 102.03 levels, we expect more correctional rises to 102.87 levels.
Gold opened yesterday’s trading on a price gap below 2003.45 levels, but it managed to bridge this price gap and retested 1987.85 levels, and therefore in the case of stability above, we expect to rise again until 2003.45 levels, and by breaking them, we expect a rise until 2019.36 levels, but in the event that it manages to break 1987.87 levels, the next downside target will be 1976.44 levels.
Brent crude is still trading in a sideways range with a very weak acceleration, and therefore if the price manages to break 83.74 levels, the next drop target will be 83.01 levels.
The pair fell in yesterday’s trading and managed to break 1.08806 levels, and by settling below it, we expect more declines until 1.07876 levels, as for the upward scenario, it will only be achieved by breaking 1.09151 levels.
In yesterday’s trading, the pair managed to break 1.24015 levels and bounced to retest them again, and therefore we expect more declines, and if the 1.23503 levels are broken, the next drop target will be 1.22756 levels.
The pair was able to climb to correct up to 1.35606 levels, and it actually fell again, and therefore if it managed to break 1.34842 levels, the next drop target will be 1.34100 levels, but if the price manages to stabilize above 1.34842 levels and manages to rise and break 1.35606 levels, the next target for the rise will be 1.36073 levels.
The index is still trading in a sideways range, but it is approaching its upper limit, and therefore in the event that it manages to break 33685 levels, the next upward target will be 33851 levels.
For More Analysis click here