FXHighway

FXHighway

Target: 6300 Risk: 4990 Technical reasons: Surpassing the main descending channel’s resistance pushes Bitcoin price to achieve gains on the short term basis, and moving inside the ascending channel supports the chances of continuing the bullish trend. The next target at 6300.00, and consolidating above 4990.00 is important to continue the expected rise.

FXHighway

Target: 200.00. Risk: 158.00 Technical reasons: Ethereum price move above the bullish trend lines support the continuation of rising in the coming period, besides the completion of a bullish flag pattern. The exponential moving averages 50 and 100 provide positive support to the price, to expect the continuation of rising in the coming period, the next target...

FXHighway

Target: 1.3375 Risk: 1.3020 Technical reasons: The price move inside an ascending channel supports the continuation of the correctional bullish trend, and surpassing the symmetrical triangle’s resistance forms positive motive that will push the price for more rise, and the next target reaches 1.3375. On the other hand, breaking 1.3020 will stop the expected...

FXHighway

Target: 26705 Risk: 26180 Technical reasons: Keeps rising to surpass 26000 barrier and rallies to achieve more expected positive targets, as we are waiting to reach 26705 areas as a next target. The exponential moving averages 50 and 100 support the expected bullish trend, while consolidating above 26180 is required to continue the bullish trend.

FXHighway

Target: 70.00 Risk: 63.20 Technical reasons: Crude oil price move inside the ascending channel supports achieving more rises, and the price consolidation above 23.6% Fibonacci correction level pushes the price to resume the bullish trend in the coming period. The next target is located at 65.00 then further to 70.00, while breaking 63.20 will push the price for...

FXHighway

Target: 4657 Risk: 4965 Technical reasons: Bitcoin price started bearish correction that was confirmed after the completion of the rising wedge pattern, and breaking 4965.00 will confirm extending the decline to 4657.75 as a next target. The continuation of the expected decline requires consolidating below 5130.00.

FXHighway

Target: 1275.00 Risk: 1315.00 Technical reasons: Gold price begins bearish correction after touching 1346.75 areas, and it moves inside the descending channel to support the chances of heading towards 1275.00 areas. The bearish trend will be expected in the coming period, while surpassing 1315.00 will lead the price to return to the bullish trend again.

FXHighway

Target: 1.1444 Risk: 1.1183 Technical reasons: The price consolidation above 1.1183 pushes the price for a potential rise in the coming period, expecting to head towards 1.1444. On the other hand, breaking 1.1183 will press on the price to extend the bearish on the medium term basis, to reach 1.0860 mainly.

FXHighway

Target: 4545.00 Risk: 3630.00 Technical reasons: Bitcoin price surpassed the resistance line to open the door for expected visit to the descending channel’s resistance, and the price gets support by the exponential moving averages 50 and 100. The next target at 4545.00, while breaking 3630.00 will push the price to decline again.

FXHighway

Target: 3000 Risk: 3705 Technical reasons: Bitcoin price retested the broken support of the symmetrical triangle’s pattern and still below it, to keep the bearish trend valid, and the price needs to consolidate below 3705.00 to continue the expected decline. The expected targets begin at 3465.00 then 3000.00.

FXHighway

Target: 1.1700 Risk: 1.1440 Technical reasons: Rallying to surpass the descending channel’s resistance leads the price to achieve more expected rise in the coming period, expecting to head towards 1.1600 then 1.1700 levels. The consolidation above 1.1440 will keep the bullish trend valid, and breaking it will push the price back to decline again.

FXHighway

Target: 3000 Risk: 3580 Technical reasons: The completion of the symmetrical triangle pattern pushed Bitcoin price for more decline and heads to continue the bearish trend inside the main descending channel, expecting to head towards 3000.00 areas mainly. The negative pressure formed by the exponential moving averages 50 and 100 supports the expected decline,...

FXHighway

Target: 26000 Risk: 24290 Technical reasons: The index returns to rise after succeeding to achieve our recent negative targets, and it completed bullish pattern that pushes the index to achieve more expected gains, as we are waiting the next target at 25170, and surpassing this level will push to 26000. The exponential moving averages 50 and 100 support the...

FXHighway

Target: 1.1180 Risk: 1.1490 Technical reasons: Failing to consolidate for long time above the descending channel’s resistance pushes the price to decline again, and 1.1440 level is broken to face more negative pressure. The next target reaches 1.1180, while surpassing 1.1490 will lead the price to attempt to rise again.

FXHighway

Target: 55.34 Risk: 50.25 Technical reasons: Crude oil price surpassed key resistance levels, the last one is 50.25, to move upwards and achieves expected gains. The next target at 55.34, while breaking 50.25 will put the price under the negative pressure again.

FXHighway

Target: 1317.00 Risk: 1286.00 Technical reasons: Gold price reaches our first target at 1300.00 now, and we expect the continuation of the bullish trend to reach 1317.00. The consolidation above 1286.00 keeps the bullish trend valid, and breaking it will push the price to suffer potential losses on the short term basis.

FXHighway

Target: 1.1700 Risk: 1.1495 Technical reasons: Surpassing the descending channel’s resistance opens the door for a key turn to the short term trend, to head towards 1.1700 areas in the coming period. The consolidation above 1.1495 is important to continue the expected bullish trend.

FXHighway

Expected trend: Bearish Target: 4.3000 Risk: 5.7800 Technical reasons: The USDTRY pair started a bullish correction after placing 5.13 low, it stopped at 23.6% Fibonacci correction level, to rebound downwards again. The last move inside an ascending channel is considered as a bearish flag that supports the chances of continuing the bearish trend on the short...