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 failed to stabilize above 103.99 levels and fell until it reached the last bottom formed in the bullish trend at 103.43 levels and started to rise again, and therefore if it manages to break 104.10 levels, we expect more rise to 104.55 levels.
Gold failed to stabilize below 1935.44 levels, rose strongly, managed to achieve a higher bottom, and closed above the moving average 200 in the hourly time frame, and therefore if it manages to break 1966.57 levels, we expect more rise until 1983.21 levels.
As we expected, crude oil fell strongly in yesterday’s trading, and managed to break 76.15 levels, then 75.09 levels, and the moving average 200,50 also intersected in the hourly time frame, and therefore if it managed to break 73.35 levels, the next drop target will be 71.51 levels.
Although the pair rose and closed outside the descending trend line, it fell as soon as it reached the resistance levels 1.07472, and if it managed to break 1.06878 levels, the next drop target will be 1.06480 levels, then 1.06265 levels.
Although the pair rose and closed outside the descending trend line, it rebounded from the resistance levels 1.24460 and fell strongly until it closed below 1.23874 levels, and therefore we expect more declines until 1.23223 levels, then 1.22756 levels.
The pair was able to build on the ascending trend line and support levels 1.35651, and rose until it reached 1.36370 levels, and if it managed to break it and stabilize above it, the next target for the rise will be 1.36936 levels.
The Dow index fell in yesterday’s trading and managed to break 32933 levels, and if it stabilizes below it, we expect more declines until 32700 levels, then 32582 levels.