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 Technical Analysis

EUR/USD

Trading the EUR stabilized against the US dollar without the 1.1185 level in the early hours of the morning after the sharp decline that occurred last Friday . The pair completed a double top model, this means that the price under negative pressure makes intraday downside move is likely in the coming period .

 

The trading range today : the level of 1.0975- 1.1185 resistance level of support.

 

 

Overview of the trading platform timeframe (4 hours), we note the following:

 




 

GBP/USD

GBP against the US dollar succeeded in touching the first target is expected at 1.5190 level after that favored the bearish trend , and as long as price is currently trading 1.5335 , the lowest level continued to keep the bearish correction is the most common and likely. It is worth noting that a break below 1.5190 will open the field for the downside to target 1.5040 level . The moving average index 50 supports the expected bearish wave .

 

The trading range today : between 1.5100- level of 1.5335 resistance level support.

 

 

Given the time frame trading platform (4 hours), we note the following:GBP against the US dollar succeeded in touching the first target is expected at 1.5190 level after that favored the bearish trend , and as long as price is currently trading 1.5335 , the lowest level continued to keep the bearish correction is the most common and likely. It is worth noting that a break below 1.5190 will open the field for the downside to target 1.5040 level . The moving average index 50 supports the expected bearish wave .

 

The trading range today : between 1.5100- level of 1.5335 resistance level support.

 

Given the time frame trading platform (4 hours), we note the following:

 



 

USD/JPY

 

US Dollar pair succeeded against the Japanese yen to reach the first target is expected at 125.75 but found strong resistance at this level , which led to a series of side trading in anticipation of assembling a positive determination helps to break down the resistance level and complete the climb. Stochastic now offers positive support which stimulates more to complete the climb.

 

The trading range today : between the level of support 124.50- 127.00 resistance level .

 

 

If we look at the time frame trading platform (4 hours), we note the following:

 

 



 

CHF/USD

 

US dollar against the Swiss franc pair succeeded in breaching the descending channel 's resistance and settled than the highest wave is likely to continue rising in the coming period, targeting 0.9700 mainly . The moving average index 50 supports the bullish trend positively , but that a break below 0.9275 would end the rookie orientation and puts price under negative pressure and push down .

 

The trading range today : between 0.9325- level of 0.9550 resistance level support.

 

 

If we look at the time frame trading platform (4 hours), we note the following:

 



 

 

 

GBP/JPY

 

More than closing price within the level and note the rising price stability pair the highest level 190.00 to keep the bullish wave is most likely in the coming period and will be the first target is to reach the level of 192.30 and then trading stretching to reach the level of 194.10 .

 

The trading range today : between the level of 190.00- 192.30 resistance level support.

 

 

If we look at the time frame trading platform (4 hours), we note the following:

 

 



 

Commodities Technical Analysis

Silver

 

   

Acceptable attempt to break the resistance level of 16.05 witnessed the early hours of Sunday morning, but the price did not settle below this level and this keeps the situation in the case is clear and the price is determined by the point in the case of breaking the support level or resistance 16.60 . In the case of breaking the support level is the next target would be 14.40 level mainly the break of the resistance will get things back to the previous track which is targeting 17.10 then 17.95 levels and 18.80 .

 

 

The trading range today : the level of resistance between 15.50- 16.87 support level .

 

 



 

Gold

 

 

Gold trading saw last Friday negative and clear in multiple attempts to reach the level of 1142.60 , so expect a continuation of the downward trend during the day and the next period , and this downward trend depends mainly on stability below the level 1181.00 and gets on the level of continued support from the SMA 50 .

 

 

The trading range today : the level of resistance between 1150.00- 1190.00 support level .

 

 

 



 

Crude Oil

 

 

Oil prices settled higher level 58.18 in a continuation of the rally that began on the evening of last Friday to be completed this morning and this bearish correction stopped and will support a strong price gain if it breaches the 59.20 level to achieve gains in the next few hours .

 

 

The trading range today : between the level of support 57.00- 61.00 resistance level .

 



 

Natural Gas

Positive attempts to hold the highest level of resistance 2.78 and formation of a new bullish wave , but | it was not completed in this case the landing indicators may be present , especially if continued stability without moving average axis shall be 55 goal is to reach the level of 2,400 . But if the price succeeds in breaking the resistance level of 2.780 it will be the upside is likely .

 

 

The trading range today : between the level of support 2.460- 2.78 resistance level

 

 

 

 

 

 

Technical analysis of the US stock indices

NYSE

The performance of Wall Street in New York less than expected in the last session , but it is a positive overall, but was not affected by the expected force of the results of some positive economic reports from the US economy such as jobs data and unemployment rates during the month of May. Experts are expected to have a negative effect and clear the beginning of this week, especially after the Bank of New York Chairman 's remarks and his emphasis on the possibility of raising interest rates during the year by the US Federal Reserve .

 

NASDQ

The Nasdaq closed private technology companies traded during the week , down by 0.05% and happened mostly due to the performance of some of the big technology companies located retreat in Silicon Valley in the United States . Some of these companies have released the results of its work for the past period and some of them came with negative results .

 

 

Daw Jonez

 

 

Concluded Dow Jones Composite Index of industrial companies with large trading on Friday , down by 0.11% and the equivalent of 20.32 points, its level 18.272.56 . This positive performance coincided with the positive economic data out of the US Labor Department on Friday morning is a non -farm payrolls data and the unemployment rate during the month of May.

 

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