AhFarouk

AhFarouk Updated 

1. Trading will start testing on the 50% level @ $93.5x to exit the support zone and passes to the 61.8% level @ $94.xx: Case(1): Price will break the 61.8% level after testing in the uptrend direction aiming to hit two profit targets. Target(1) around $93.5x and may break this line to perform the target(2) @ $95.5x. The major objective is to perform a LH...

AhFarouk Updated 

1. Last trade closed @ $98.40 with two reversal candles in the bearing (red) direction. This is not a strong evidence for prediction but may give an idea of how the market will move in the normal condition. 2. On the RSI indicator, the price tends to make a minor down drop below the 50% level till further intersection (at least) with RSI-EMA10 curve where bulls...

AhFarouk

If the price will close below $91.10 level in the next hour then it may continue falling between $88.7x and $87.5x level before retracing up to $92.5x at the intersection point ob RSI indicator. Sellers can select any of the following selling points according to candles behavior (1) $94.8x, (2) $96.3x, or (3) $98.3x (very hard target w.r.t at the moment performance.

AhFarouk Updated 

A bullish signal (start buying) coming from a down market due to an expected intersection between RSI & RSI-EMA10. The prices will test for correction around $4.6x (61.8% level) before rising above $4.7x up to $4.8x to perform a new higher hill.

AhFarouk Updated 

Prices will test around $94.9x (0.382 level) before going up for the first target @ $95.9x (0.500 level) and around $97.5x as a second target to perform a new hill . A bullish signal (start buying) coming from a down market due to an expected intersection between RSI & RSI-EMA10. Traders must wait until the blue RSI curve trends up after the intersection with...

AhFarouk Updated 

Please pay attention to status notes in the above chart based on fundmental analysis, Fib patterns, and RSI indicators.

AhFarouk Updated 

As stated in yesterday's report (point#5) that in worst geopolitical circumstances the prices will strongly jump up. Please consider notes written on chart analysis.

AhFarouk Updated 

1. Yesterday's predictions achieved as expected as the price reached today @ $93.86 ($93.xx level) which is the highest daily record at ZigZag ++ indicator. 2. In general, prices are fluctuating at reasonable ranges due to long-term bulls activity and slow/wise performance of traders. At the moment, an engulfing bearish signal strongly detected as the price is...

AhFarouk Updated 

Its the bullish time. The short like to divide their targets. The first target is @ $4.61 level.

AhFarouk Updated 

1. Pricing fluctuations are acting normally between bears and bulls tendencies. The day started with a bearish tendency for selling and now it the bulls are collecting their power to upgrade the price to at least the morning level. 2. Most of bulls will keep their stocks on hands and will decide an action in later time of the day after knowing the US...

AhFarouk Updated 

The price reaches the higher high @0.786 level. Soon it will draw back to LH @ 0.618 level on $92.5x before retracing back again @94.xx. In analysis based support and resistant zones as well as RSI indicator shows that prices are testing on the $93.6x level before going back and make the re-jump. At the moment process performance is running over the weekly...

AhFarouk Updated 

The price will rebounds @ $89.9x level and trends up to $91.5x level.

AhFarouk

The prices will make corrections between the $86.xx to 88.xx pricing levels then rebound upwards again in the trend direction of the white channel. The first expected weekly target as Fib extension to be @ $95.xx and the second target @ $100.xx. The RSI indicators showed that RSI > RSI-EMA10. The prices closed on the weekly overbought zone but will make minor...

AhFarouk Updated 

After corrections due to raising on 14/02, a Doji appeared on the chart followed by hammer candle in the upwards direction. Also, the Fib extension shows the price hits over the 0.382. For fast runners, they can sell @ $90.5x level as first target. The price is on the way to fit out of the red supporting zone and it is possible to hit $91.5x as a second target...

AhFarouk Updated 

Despite the pessimistic news regarding shooting of a small city (following Russian policies) in Ukraine and the firing of US deputy ambassador in Moscow which make the matter more complicated. Analysis shows that the USOIL prices will start increasing over the next hours and the selling process will be increased after period of fluctuation around the uptrend line...

AhFarouk Updated 

As per NATO forces and US administration, the partial retrieve of Russian troops away from Ukrainian borders still not yet completed. They are watching carefully the existence of Russian troops as well as cyber attacks on Ukrainian governmental sectors. This impact the pricing of oil and gas at higher levels within gradual uptrend as traders are watching too and...

AhFarouk Updated 

Price will not break the trend but will keep moving in a side wave. The USD will keep its positioning against EUR for some time. Still useless to invest in EUR/USD due too very low profit but risks are minor (if you apply Fibonacci pattern) as movement away from 0.50 and 0.618 levels.

AhFarouk

Uncertainty of traders to price increase affect the tendency of buyers to be active sellers after Buten's statement this morning with the German chancellor that the movement of his troops to the Ukrainian borders was a part of his Army training and its finished this morning and Russia is not welling to attack Ukraine. US and Europe still tuned as well as Oil and...