image GBPUSD - Growth is possible On the daily chart, the downward fifth wave of the higher level V of (V) ended, within which the wave (5) of V formed. Now, the development of the upward first wave (1) has started, and the third wave of the lower ...

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Dollar widens losses ahead of mid-term elections Dollar fell against most major rivals on Monday as risk appetite oscillates, losses mount ahead of Congressional elections. Tomorrow, the mid-term elections for both houses of Congress will be ...

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GBPJPY Records Some Targets The GBPJPY pair succeeded to breach 166.80 level, to form strong bullish rally and notice achieving many positive targets by touching 169.10 level, while the price might form sideways fluctuation until gathering the ...

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EURUSD - A fall is possible. On the daily chart, the downward fifth wave of the higher level (5) of А develops, within which the wave 5 of (5) develops. Now, a correction ended as the fourth wave of the lower level iv of 5, and the fifth wave v of 5 ...

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USDJPY Under the Negative Pressure The USDJPY pair faced negative pressure in the previous sessions to break 147.17 level and close the daily candlestick below it, which puts the price under more expected negative pressure in the upcoming sessions, ...

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image XAGUSD - Growth is possible. On the daily chart, a downward correction of the higher level ended as the second wave (2), within which the wave C of (2) formed, and the development of the third wave (3) started. Now, the first entry wave of ...

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GBPUSD - The market is concerned about Sunak's rhetoric to phase out fossil fuels Yesterday, the media circulated excerpts from a statement by British Prime Minister Rishi Sunak, with which he intends to speak at today's 27th United Nations (UN) ...

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image Euro Declines on Profit-taking after Biggest Daily Profit Since 2015 Euro fell in European trade against a basket of major rivals on profit-taking after marking the biggest profit since late 2015 against dollar, however risks continue to ...

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AUDUSD Begins Positively The AUDUSD pair opens today’s trading with clear positivity to head towards potential test to the broken neckline of the double top pattern that appears on the chart, waiting to resume the bearish wave that targets 0.6265 ...

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image USDCHF Hits the Target The USDCHF pair succeeded to achieve our waited target at 1.0145 and found solid resistance there, to show some bearish bias now, facing contradiction between the technical factors that makes us prefer to stay aside ...

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XAUUSD - A fall is possible. On the daily chart, a downward correction develops as the fourth wave of the higher level (4), within which the wave C of (4) forms as a momentum. Now, the fifth wave of the lower level v of C of (4) is developing, ...

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image Crude Oil - Growth is possible. On the daily chart, the upward wave C develops, within which the first wave 1 of (1) of C formed, and a downward correction ended as the second wave 2 of (1) of C, within which the wave c of 2 formed. Now, the ...

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USDCHF Reactivates the Positive Scenario The USDCHF pair rallied upwards yesterday to breach 0.9990 and settles above it, to reactivate the bullish trend scenario and head towards achieving gains that reach 1.0145. Therefore, expect to witness more ...

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Gold price forecast The gold short-term downtrend continued yesterday after the test of the Intermediary Zone 1662 – 1659. The price has broken through the low of November 1. The gold sell trades reached the first target. The next downside target is ...

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image Oil price forecast Oil short-term uptrend continued. The high of October 27 was broken through. Oil traders tried to break out the upper Target Zone 89.51 – 88.76, but failed. The oil price is now being corrected down with a potential target ...

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BTC USD Elliot Wave Analysis The most recent BTCUSD chart section displays the formation of a wave (W), which serves as the initial part of a potential double zigzag. Wave (W) may soon be unfolded as a standard A-B-C zigzag. Impulse A and correction ...

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GBPUSD Technical Analysis The GBPUSD pair broke the bullish channel’s support line strongly to confirm the continuation of the bearish trend domination on the intraday basis, opening the way to achieve bearish correction that its next target reaches ...

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GBPCHF Hits the Resistance The GBPCHF pair ended the correctional bullish attack by hitting key resistance at 1.1575, to increase the chances of its affect by the negative trades for the near term and medium-term period, and notice crawling towards ...

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USDCAD - The price is in a correction and may grow. On the daily chart, the upward fifth wave of the higher level 5 develops, within which the wave (1) of 5 formed, the correctional wave (2) of 5 ended, and the wave (3) of 5 develops. Now, the third ...

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EURUSD Technical Analysis The EURUSD pair fluctuates at the intraday bearish channel’s resistance now, and the EMA50 meets this resistance to add more strength to it, to support the continuation of the expected bearish trend for today, which its ...

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