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 traded yesterday with a weak acceleration, and therefore, to complete the rise, 103.07 levels must be broken and stability above it, and if it fails to do so, we expect a drop to 102.40 levels
XAU-USD
Although gold traded sideways yesterday, it managed to fall and break the 1973.44 levels and closed below the moving average 50 in the hourly time frame, and therefore we expect more declines until 1950.95 levels.
Brent Oil
Crude oil was able to form a higher bottom, rise, and close above the moving averages in the hourly time frame, and therefore by settling above them, we expect more rises to 77.36 levels.
EUR-USD
The pair traded sideways yesterday with weak acceleration, and therefore if it managed to fall and break 1.07876 levels, the next drop target will be 1.07472 levels, but if it managed to rise and break 1.08301 levels, the target for the rise will be 1.08460 levels
GBP-USD
The pair continued to decline in yesterday’s trading, and if it manages to break 1.24133 levels, we expect more declines until 1.23874 levels, then 1.23503 levels
USD-CAD
The pair traded sideways yesterday with a weak acceleration, and therefore we expect a drop and a breach of 1.34838 levels, with the target for the drop being 1.34645 levels, and the other scenario is an ascension and breaking 1.35232 levels, with the target for the rise being 1.35386 levels
Dow Jones
Although the Dow index traded sideways in yesterday’s trading, the negative outlook still exists, as it failed to achieve any higher bottoms, and therefore we expect more declines until 33213 levels, and if it is broken, the next drop target will be 33002 levels
