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.
The dollar index continues to decline strongly, as it managed to break the support level 101.07, and also closed below the support levels 100.55 – 100.46, and also the intersection of the moving average 50 with the moving average 200 in the hourly time frame, and therefore in the case of stability below it, we expect more decline until 99.95 levels
XAU-USD
In yesterday’s trading, gold was able to rise strongly, as it broke the 2032 resistance levels and retested them, and therefore in the case of stability above, we expect more rises to 2050.52 levels, then 2057.81 levels, but in the case of closing below 2032 levels again, the decline will be a correction until 2025.80 levels
Brent Crude
Brent crude failed to stabilize above 86.47 levels, traded sideways, and closed below it again, and therefore in case it manages to break 85.79 levels, we expect it to enter a downside correction until 85 levels, then 84.84 levels
EUR-USD
Brent crude failed to stabilize above 86.47 levels, traded sideways, and closed below it again, and therefore if it manages to break 85.79 levels, we expect it to enter a downward correction until 85 levels, then 84.84 levels
GBP-USD
The pair continued to rise in yesterday’s trading and closed above the resistance levels at 1.25257, and in the case of stability above, we expect more rises to 1.25968 levels, but in the case of closing below 1.25257 levels again, we expect a drop to correct to 1.24911 levels.
USD-CAD
The pair continues its strongly downward trend, as it managed to break the support levels 1.34100, then 1.33558 levels, and by settling below it, we expect more declines to 1.32536 levels.
Dow Jones
Although the Dow index failed to break 33851 levels before, but it fell to form a higher bottom that supports it in the rise, and managed to break 33851 levels strongly, and by stabilizing above, we expect more rises until 34175 levels
