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 was able to fall, breaking 101.96 levels, forming a lower bottom, and proceeding in a descending price channel, and therefore it is expected to retest 101.96 levels and complete the decline or to drop directly and break 101.61 levels, so that the target for the drop is 101.26 levels
Gold was able to get out of the range and break 1975.99 levels, forming a new higher peak, and proceeding in an ascending price channel, and therefore we expect either a drop to the lower boundary of the price channel at 1964.11 levels, then the completion of the rise again, and the other scenario is a direct ascent and a breach of the 1964.11 levels. 1985.33
Brent crude traded sideways in yesterday’s trading, but managed to break 78.06 levels again, and also closed above the moving average 50 in the hourly timeframe, and therefore we expect more rise, provided it breaks 79.01 levels.
The pair was able to break out of the range and break 1.08615 levels until it reached 1.09151 levels, and if it succeeds and breaks it, the target for the rise will be 1.09411 levels.
The pair was able to rise again, ascended strongly, and closed above the moving average of 50 in the hourly time frame, and surpassed important resistance levels at 1.23405, and by settling above it, we expect more rise, breaking 1.24015 levels so that the target for the next rise will be 1.24519 levels.
Although the pair continued to fall with a weak acceleration, until it managed to break the support levels 1.35606 and fell, and we expect the decline to continue until 1.34906 levels
The Dow index continues to rise and managed to break 32777 levels and form a higher bottom that supports it in the rise, but it fell from 32930 levels, and if it is broken, we expect more rise to 33080 levels, then 33257 levels