Hend_Abdulhameed

Hend_Abdulhameed

USDCAD has just found enough support at 1.2440 level and blasts toward the first target at 1.2550 as expected, however, the market at this point needs to break above 1.2560 to clear the direction of the market in the midterm, and the previous highs will be my bullish TP's. conversely, you need to keep in mind that the market is still trading at a resistance level...

Hend_Abdulhameed

The pair is still bleeding since 15th of Sep. and in the meantime, the pound is trading below the 200 EMA on the 4H time frame and it's pretty much near to the minor support level at 1.3150. a break below 1.3150 might take this market lower to 1.3030 as it carries a good amount of a support. Bigger picture, the market remains bearish as long as the pound is...

Hend_Abdulhameed

The Kiwi proceeding its downward move against the US dollar. and as indicators show this weakness in both mid and short terms, the outlook of this market remains bearish as long as the price is below the 200 EMA on the 4 hours time frame at 0.7240. Notice that the current price is testing an important support of the 31st Aug at 0.7130. with that being said, it...

Hend_Abdulhameed

The dollar is trying to impose its strength against the Japanese yen for the past few days, nevertheless, the dollar failed to break the swing high of 27th Sep. at 113.25 which you can sense the exhaustion of the dollar in here, especially that the pair is testing a significant trend line as a resistance. with that being said, it'd be better to see a a break out...

Hend_Abdulhameed

The Euro has been struggling around the 50 EMA on the daily chart since the mid of last week, and yet failed to break 17th Aug low at 1.1665 which where buyers are pretty much located. It'd be more comfortable to stay away from the noise, i think, a clear break above 1.1860 will attract buyers more to take an action, conversely, a daily break below 1.1665 might...

Hend_Abdulhameed

The Gold is pretty much still under pressure and more bearish as long as the price is underneath the 50 EMA at 1290.30, however, in the meantime the market may detect kind of choppiness in the next hours as it concentrates near to the 200 EMA that holds a good amount of a support. a break below 1267.60 might open up the floor to 1255 handles.

Hend_Abdulhameed

Dax has offically approched to the top of the market that contains a huge amount of resistance around 12970 area, therefore it most likely to face a hasitation by the buyers at this point in the next few setions, personally i'm into buying on dips if the market holds above 12860 as it considers to be the nearest supportive level

Hend_Abdulhameed

USDCAD, tends to retest the downtrend line on the short run at 1.2415 handles, traders would be looking for placing entries around this area. if the pair holds above the mentioned level, the market might all the way back to 1.2550 as a first target. However, if it fails, then the market will continue drifting down, and 1.2340 and 1.2195 would be the next...