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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.
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Dollar Index
Indeed, the dollar index fell and was not able to exceed 104.64 levels, and it is now trading with very weak momentum, and therefore the scenario of a decline is achieved by breaking and closing below 103.75 levels, which are compatible with the moving average 50 in the hourly time frame, to be the target for the drop 103.37, on the other side, it is possible to rise, provided it is broken. 104.64 levels
XAU-USD
Gold failed to achieve any peak above 1936.86 levels that support it in the ascension, and therefore if it breaks 1908.60 levels, we expect the start of the bearish correction until 1885.20 levels, then 1869.22 levels.
Brent Crude
Brent crude is trading in a narrow range, with weak momentum, and therefore the completion of its downside trend requires breaking 71.23 levels, and the bullish correction scenario is achieved by breaking 74.75 levels.
EUR-USD
The pair was able to correct upwards to 1.06354 levels, and closed below the moving average 200 in the hourly time frame, so the scenario for the rise once again will be achieved by breaking 1.06354 levels, and the target for the rise will be 1.06878 then 1.07481, while the scenario for the decline will be until the levels of 1.05332, and if it manages to break it, it will be The next target is 1.05079
GBP-USD
The pair has already managed to rise, and we expect the rise to continue, provided stability is above 1.20105 levels, and the target for the rise will be 1.21953 levels, then 1.22677, but if 1.20105 levels are broken, the drop will be to 1.19329 levels.
USD-CAD
Yesterday, the pair traded in a very narrow range with very weak momentum, and therefore the downside scenario is achieved by breaking 1.37202 levels, and the target for the drop is 1.36553 levels, while in case of stability above 1.37709 levels, the target for the rise will be 1.38135 levels, then 1.38515 levels
Dow Jones
The Dow index was already able to correct upwards to 32117 levels, so if it stabilizes below 32190 levels, the decline will continue until 31702 levels, then 31352 levels, but if 32190 levels are broken upwards, we expect a rise to 32332 levels, then 33490 levels
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