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 was able to build on the moving average 50 in the hourly time frame, and it rose and broke the resistance levels 103.23 until it reached the resistance levels 103.70, and therefore if it managed to break it, we expect a rise to the levels of 104.40
XAU-USD
It managed to drop strongly, after bouncing from the resistance level of 1983.21, and if it manages to break it, the next target is 1935.44 levels.
Brent Oil
Although Crude Oil stabilized above the support level of 77.36 and managed to achieve a higher top, the rise was not strong enough, and therefore if it managed to break 78.40 levels, the next target for the rise will be 79.15, but if it falls and breaks 77.36 levels, we expect it to drop to correct to 76.53 levels.
EUR-USD
The pair was able to build on the moving average of 50 in the hourly timeframe, and it fell and broke the support levels 1.07472, and by settling below it, we expect a further drop to 1.06878 levels.
GBP-USD
The pair managed to decline strongly after rebounding from the resistance level 1.24735, and managed to break the support levels 1.23874, and closed below the support levels 1.23503, and by settling below it, we expect a further drop to 1.22920 levels.
USD-CAD
The pair was able to rise in yesterday’s trading, breaking the resistance levels of 1.36561, and therefore we expect to retest the levels after breaking them, then rise to 1.36370 levels.
Dow Jones
The Dow index was able to fall and break support levels 32933 until it reached near important support levels 32582 and began to weaken in acceleration, and therefore we expect an upward correction to 32933 levels and then a decline again.
