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 its bullish trend, as it managed to break the support levels at 102.70, and close at the highest levels of 103.07, and in the case of stability above it, we expect more rise to 103.70 levels.
XAU-USD
Gold continues its downward trend, as it managed to break the support levels 1973.44, and if it managed to break the support levels 1950.95 and managed to settle below it, the next drop target will be 1934.44 levels
Brent Oil
Crude oil fell to retest the support levels 75.50, and if it manages to stabilize above, we expect more rise to 77.36 levels, but if it fails to stabilize above and breaks 75.50 levels, we expect a drop to 74.00 levels.
EUR-USD
The pair managed to stabilize below 1.08460 levels, and fell until it broke 1.07876 levels, and therefore we expect more declines until 1.07472 levels, then 1.07096 levels.
GBP-USD
The pair was able to decline and close below the moving average 50 in the 4-hour time frame, and broke the support levels 1.24299, and therefore we expect a further drop to 1.23874 levels.
USD-CAD
The pair was able to rise and close above the moving average 50 on the hourly time frame, and therefore if it managed to break 1.35278 levels, the target for the rise will be 1.35651 levels.
Dow Jones
Despite the decline of the Dow index, it managed to form a higher bottom at 33219 levels above the moving average 50 in the hourly time frame, and managed to rise and break 33483 levels, and by stabilizing above, we expect a rise to 33814 levels
