SalemSignals

SalemSignals

We will not touch on the fundamental analysis as its impact was strong on the dollar this week as inflation was higher than expected, so the rest of the news did not have much impact on gold. As a technical analysis, the 1985 support area, which is located on the falling side of it, rebounded strongly following the Michigan news, and we expect it to continue...

SalemSignals

After the strong movement that occurred in gold, of high rises and strong falls, gold returns to calm after the announcement of the federal interest rate and the approaching New Year. Here the market returns to calm, and technically, its price for gold will range between 2040 and 2003, and this range will be a strong trading area. We return to a strong support...

SalemSignals Updated 

A clear break of the rising trend in the pair, which gave a sell entry signal from point 157.5. The break needs to be retested to the same point, resulting directly to 157.080, to test the support line, which I think has sufficed and become weak. Perhaps it will stop a little, but our main target is 156.6 A clear break of the rising trend in the pair, which gave a...

SalemSignals

During the fluctuations experienced by the US dollar and the volatility America is suffering from in the economy and the fight against inflation, gold began to fluctuate a lot to a larger range starting from $1800 to $1950, and this range was a big game for gold traders. Technically, as we said, it is in the aforementioned range, but on the weekly chart it appears...

SalemSignals Updated 

It is very strange that gold fell by the equivalent of more than 100 points in less than a month, even if expectations indicate a further increase in interest rates, but the decline is exaggerated and I do not see clear reasons for this. I believe that it is far from technical analysis or the rise of the dollar. There are things that we ignore. But technically, I...

SalemSignals

First, let us remember that the announcement of the interest rate is on September 20, so caution is very necessary at this time, and since the majority expects that the interest rate will stop, it remains just expectations, even though inflation has begun to rise more violently, so we will give a possibility, even if it is simple, that the interest rate may rise...

SalemSignals

The Australian dollar is still volatile as usual, but the pair is more profitable for speculators because the trend has become very difficult, so the pair returns again to the previous resistance line, knowing that it is still in the process of falling The Australian dollar is still volatile as usual, but the pair is more profitable for speculators because the...

SalemSignals Updated 

You may find that this chart is a little complicated, but if you focused on it, you would find that there are several possibilities and scenarios that you should pay attention to, and here we are talking about “if.” This means that 34,750 important points, from which the indicator may bounce or may break, and we do not know what is most likely, but great attention...

SalemSignals Updated 

Technically, only on the weekly chart, which is not a short period of time. The stock has reached a support area to raise it to the upside, and the stock is still rising, and it is very likely that it will rise to $350. The area between $330 and $325 is considered a good area for buying in the medium term, taking into account that breaking the trend line downward....

SalemSignals

The trend began at 1.989 within the descending triangle and the break occurred in the 1.956 area on the four-hour chart. The break occurred and continues initially at 1.940. The rest is clear to us on the chart.The trend began at 1.989 within the descending triangle and the break occurred in the 1.956 area on the four-hour chart. The break occurred and continues...

SalemSignals Updated 

The news of the Canadian GDP caused a decline, which caused the pair to rise, affected also by the news of the US unemployment last week, which confused the calculations of the technical analysts. Technically, the pair's arrival at 1.48 is a large overbought area, which necessitates a correction, and perhaps the trend will reverse. The pair closed at 1.464 and...

SalemSignals Updated 

The index broke point 105 to begin a short sub-trend to point 104,400. This is on the hourly chart and of course before the news that expects inflation to return to the upside again, which will raise the dollar again, but we pay attention here that at the beginning of the week the index will drop to the point that you see on the chart and then we wait for news....

SalemSignals Updated 

Gold is still trying to break point 1930 to move to further horizons. On the weekly chart, the trend line is located at the current point of 1918, and on the daily chart it has broken the falling trend line, which makes it reach the bottom of the weekly chart, which will lead to its rise to 1960. Of course, we should not ignore the stop loss, but it is likely....

SalemSignals Updated 

Before the Apple conference, we talk technically: Overbought is very high on all levels, as the upward rebound started from $172 and continued ignoring the negative market movement, and we see that liquidation will occur from the $187 area, with the likely target $182 in the medium term to the Moving Average 50

SalemSignals Updated 

The news of the unemployment rate is negative for the dollar, which caused it to fall slightly, but the opportunity is favorable for a slight reversal of the dollar downward. The pair is technically capable of rising to 0.603 points, and this is a resistance point after which it will return to complete the downward trend The news of the unemployment rate is...

SalemSignals

The rebound was from a very important and stubborn point 95,000, reaching the highest point since the beginning of the trend, 93,000, and after all indicators were saturated, and here we are talking technically, we must go back to the same point 93,000, but with some reversals, including 94.6, which is an important resistance line, but we must enter from where it...

SalemSignals

In the short term, the Federal Reserve is preparing to announce the last interest rate for the year 2023. This announcement will be very important, and raising the interest rate is known to everyone. Technically, we say that gold seemed clear to accumulate at the 1903-1920 area, and it may return to these points soon due to the increase in weighted interest rates....

SalemSignals

We will talk technically: The Japanese yen seemed stubborn in the past period, especially since last July, so all the currencies corresponding to it suffer a sharp decline in value, including the euro, which reports showed its weakness in the second quarter of this year. The pair's arrival to its top this week suggests that we are still on the rise, although we...