Trend: Down Expected Scenario: The technical analysis suggests that prices may reverse from current levels, based on the following reasons: 1- The price has reached the trendline. 2- The price has entered the support zone (from 1.3264 to 1.31000). What if prices don't reverse and continue moving down below the support green zone? That would mean the...
Algo technical analysis for NZDUSD 13 Dec 2023 Trend : UP Details : It's clear on daily time frame that the main direction up and the pair moving down slowly last few days , the green support zone is very strong and could push the prices more up with targeting 0.63000 , the reason for this probability drawing on the chart. However, generally we can't...
Technical analysis for: Dow Jones( US30 ) 05 Dec 2023 Trend : Up Expected scenario : the technical analysis prices will keep moving up on long term but the the technical analysis saying that there is a correction to support level zone ( 35200 to 34600 ) which consider it as strong and good zone for buyers with targeting the highest historical prices at 37000 $ .
Technical Analysis for USD/JPY - December 5, 2023 Trend: Down Details: The market is currently bearish; the trend has shifted to a downward trajectory, and prices are gradually approaching the nearest support zone at levels 144.83 to 143.43. Once prices reach this zone, we can consider the possibility of a reversal and an upward movement again.
Technical analysis saying : Trend : UP Details : XAUUSD pair is still under high pressure selling, and the first support zone located at level ( from 2007 to 1992 ) for ounce, which might pushing the prices up again to 2040 $ .
Technical analysis IS the Gold ready to break the daily resistance and moving up to 2040 $ for ounce ?! lets see !!