AbdallaAmgad

AbdallaAmgad

Crude oil prices pulled backed slightly overnight after a US report showed a large build in stockpiles. The American Petroleum Institute (API) reported a 5.213 million barrel build for the week ending October 8. That is the third weekly inventory build reported by the API. Energy traders will shift their focus to the upcoming Energy Information Administration’s...

AbdallaAmgad

Fundamental analysis : The UK economy is in a tricky spot right now, with growth stalling due to the remnants of the Covid-19 lockdowns flushing through the system, while supply bottlenecks are becoming frequently cited by businesses across the country. And with price pressures on the rise, the dreaded word ‘Stagflation’ is starting to make an unwelcome comeback....

AbdallaAmgad

Federal Open Market Committee (FOMC):- Note that the decision to start the dialogue has been implemented, the period starts from the beginning of mid-November or mid-December. Members approved the course of the economy, which depends on the path of the economy, KORON Your chance of getting aid helped. With respect to inflation: All members reaffirmed, according to...

AbdallaAmgad

On the 4H its clear for all that the price made rejection from the 150% Fibonacci extension after making new lower lows and now we all see the price preparing for a new highs before the continuation of the Bearish movement on the DAILY chart we expect that the prices will start the strong bullish momentum after testing the levels of 1.15400 and the prices will...

AbdallaAmgad

As we can see on the Daily chart the start of downward movement has begun and the price made new lows already for example we can see the highest high the price made on the 20Th of August this year at the numbers of 1.90500 approximately and then we saw the price went down to form a new LOWER low at the 3rd of September at the number of 1.85000 with losses of...

AbdallaAmgad

As we all can see the Japanese yen on the Monthly chart the strong bearish momentum and the bearish waves are clearly visible on the chart we also saw that the price formed lower highs and then lower lows which supports the bearish momentum at the market structure analysis after that we saw the USDJPY pair trading in sideways direction and the sell high buy low...

AbdallaAmgad Updated 

As we all can see on the 4H chart that the British currency made New Lower low and went up for a Retracement and retest as we expected and from that perspective we can make more sell positions for more downward momentum on the 4H and the DAILY charts we think that the British currency will witness more decrease in the prices in the coming weeks therefore we...

AbdallaAmgad

We saw the Ethereum movement on the Weekly chart and the rejection from the levels of 85% FR at the numbers of 3970 and then the Crypto currency made its retracement before the Bitcoin therefore we expect consolidation movement before the continuation of the Downside trend from that approach we can position our sell limit orders at the numbers of 3850 with our...

AbdallaAmgad Updated 

As we saw the movement on the prices of oil the last week we saw strong bullish momentum and high demand on oil during the last week and on our opinion the OIL may make strong retracement to the south to the level of 76.50 at the level of 61.8% Fibonacci expansion and then we might see pullback one more time to the current levels at 78.5 from that we may see...

AbdallaAmgad

The bitcoin price on the daily timeframe shows the end of retracement and the prices are getting ready for the continuation of the bearish trend that had started earlier this year at February from the prices of 64800 USD for each bitcoin and went all the way down till we saw numbers of 29000 USD for a bitcoin at middle jun2021 and then we all saw the bullish...

AbdallaAmgad

My analysis for the Euro against the American dollar for the long run is we are going to see a very strong and Bullish momentum on the European currency after the wave of Retracement ends I expect that the prices may stop and end the Bullish movement at the levels of 61.8 FR of the Bearish wave at the numbers of 1.12900 we better watch for a price action from...

AbdallaAmgad

We saw Last week the Bullish movement and how the price moved and from my point of view we can see that movement as Market maker Long entrance to the market on the Long run as we all know the bullish momentum happens on gold at the end of every year and that might be the Start of it from my fundamental analysis perspective but i expect we will see one more last...

AbdallaAmgad

As we guys saw on the 1H Frame on the Gold that the price clearly trading in consolidation area between a resistance at the number of 1760-1763 and the support at the number of 1750-1748 and from that perspective we can take sell positions on 1760 and make our stop losses above the numbers f 1767 and also our initial target will be positioned at 1737 at the 1.5...

AbdallaAmgad

As we can see on the Hourly chart the bearish momentum and the break plus the closure below the last lowest low of the price after that we can also see the price went upward for a retest of the broken support before heading to the south therefore we can take short positions from that area with stop loss above the last high of 1762 and our first target will be at...

AbdallaAmgad

The Price of Yellow metal made a clear and nice testing for the upper side of the price channel on the 4H chart From that point we already had sell orders from 1761 from last week and our stoploss was above the last highst high We expect the price to go down again and make a new lower low at the levels of 1714 as number one target and 1709 and thats will be...

AbdallaAmgad

We can see on the 4H chart that the euro has broken the last lowest low in the last months. From that movement we can expect a pullback from the current prices or from the levels of 1.15360 to retest the broken low of 1.16630 We can position our sell limit orders on those areas with fixed stoploss above 1.17500 or any 4H candle closure above this area will trigger...

AbdallaAmgad

As we saw after the speech of mr Jerom paul infront of the congress the gold metal witnessed strong movement in the prices and stayed stable at the prices of 1760 as we mention before as its potential targets From that prespective we can take short position on gold with stoploss of 1770 of 100pips and huge target extended to the numbers of 1736 and 1714 with more...

AbdallaAmgad

We can watch the frank movement at the levels of 0.94000 as it reaches 85% on fibonacci it might be a rebounding levels for the frank against the us dollar In case we saw strong PA on daily chart we might enter Swing trade beside our USDCAD trade