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 continued to rise for a correction yesterday until it achieved a higher price at 102.32 levels, and therefore if it managed to rise and breach 102.40 levels, we expect more bullish correction until 102.60 levels, on the other hand, the condition for completing the decline is breaking 101.80 levels, and the target for the drop is the levels of 102.60. 101.60
Gold managed to fall and break the 1944.48 level until it reached 1935.44 levels, and therefore we expect more declines, provided 1929.70 levels are broken, and the next drop target will be the 1924.45 level, but if it managed to rise and penetrate 1939.86 levels, we expect a rise to 1944.48 levels again.
Despite the rise of crude oil, it quickly fell again below 75.41 levels and rose and formed a lower peak, and therefore the condition for the continuation of the rise is to breach 76.90 levels, but if it managed to fall and break 74.51 levels, the next drop target will be 72.91 levels.
The pair is still trading in a sideways range with a weak acceleration, and therefore if it manages to break 1.08929 levels, we expect more declines for the correction to 1.08673 levels.
The pair was able to fall to correct until it was based on 1.27103 levels and rose again, but the condition for the continuation of the rise is breaching 1.28061 levels, and the target for the rise is 1.28478 levels.
The pair was able to rise and correct to 1.32725 levels, then it fell again, and the condition for the continuation of the decline is to break 1.32083 levels, and the next drop target is 1.31608 levels
The Dow managed to fall for a correction, despite the acceleration of the weak decline, and therefore if it managed to break 33920 levels, we expect more declines for the correction until 33814 levels