Arazmajeed

Arazmajeed Dec 29, 2023

UK BRENT OIL New forecast The price of Brent crude oil futures bounced significantly lower, breaking the 78.32 level. We note that the price begins today with more negativity, breaking this level and trying to hold below it, which stops the proposed positive scenario and puts pressure on the price to resume the downward trend, heading towards visiting the...

Arazmajeed Updated  Dec 29, 2023

GBPUSD New forecast The British pound against the dollar pair rose significantly yesterday to breach the 1.2727 level and close the daily candle above it, leading the price to resume the upward path within the ascending channel that appears in the chart, on its way to achieving new goals that begin at 1.2727 level and breaking this level will support the price...

Arazmajeed Dec 29, 2023

EURUSD New forecast Trading in the EUR/USD pair bounced significantly lower after approaching our first positive, awaited target at 1.1148, exceeding the 1.1088 level and is now trying to test resistance at the 1.1012 level. Noting that the next main target reaches 1.1088 and extends to 1.1200. Therefore, these factors encourage us to favor the bullish bias...

Arazmajeed Dec 28, 2023

US CRUDE OIL New forecast The oil price is facing temporary negative pressure to test the pivotal support level of 72.90, and the 50 moving average meets this level to add more strength to it. These factors encourage us to expect the resumption of the upward trend during the coming sessions, heading towards the 75.06 areas and extending to 76.77 and 78.00,...

Arazmajeed Dec 28, 2023

UK BRENT OIL New forecast The price of Brent crude futures presented additional negative trading yesterday to retest the support at the 78.32 level, and we notice that the price consolidated above this support, waiting for positive momentum and stability above the 78.87 level to open the way for the price to reach the 80.00 level and extend to the 81.27...

Arazmajeed Updated  Dec 28, 2023

EURUSD New forecast The euro/dollar pair ended yesterday's trading above the 1.0956 level, confirming a return to the upward path and heading towards achieving new positive targets extending to 1.1012 level and by breaking this level will help the price to reach 1.1088 level. Therefore, the upward bias will be likely during the coming sessions, supported by...

Arazmajeed Updated  Dec 28, 2023

SILVER New forecast Silver price trades rebounded lower after achieving the expected target at 24.60, to test the resistance at the 24.00 level, waiting for the resumption of positive trading to reach the 24.35 level and extend to the 24.60 level again, and by breaking it, it will reach 24.95 level . Therefore, the bullish trend scenario will remain valid in...

Arazmajeed Updated  Dec 26, 2023

SILVER New forecast The silver price tested the 23.73 level and maintained its stability above it, as the 50 moving average meets this support to add more strength to it, which supports the chances of resuming the expected upward trend in the intraday term, which targets the 24.35 level as the next main station and extend to 24.60 level . Therefore, we are...

Arazmajeed Updated  Dec 26, 2023

GOLD New forecast Gold price trades rebounded downward to test the pivotal support floor for 2017, and is based on this level to begin attempts to build a new ascending wave, awaiting the resumption of the expected upward trend in the immediate term, which targets testing the 2055 level as a main next station. The moving average 50 meets the aforementioned...

Arazmajeed Updated  Dec 22, 2023

UK BRENT OIL New forecast The price of Brent crude futures shows additional positive trading, approaching the support at 80.00, waiting for a further rise to reach 81.27, which represents our next positive station and extends to 82.11. Therefore, the bullish trend scenario will remain valid and effective for today, keeping in mind that breaking 78.87 will put...

Arazmajeed Updated  Dec 22, 2023

US CRUDE OIL New forecast Oil price is trading positively, breaching the 74.41 level and trying to hold above it, providing signs of building an upward wave during the coming sessions and heading towards achieving gains starting at 76.77 level and extending to 78.97 level , so that the upward bias is likely for the rest of the day. Therefore the upward...

Arazmajeed Updated  Dec 20, 2023

USNAS100 New forecast The price perfectly fulfills my last idea and price reached to our targets +150 pip. The index price remains stable near the barrier currently represented at the level of 16787, trying to find an outlet to resume the previously suggested upward attack, until it gathers additional positive momentum to facilitate the task of confirming the...

Arazmajeed Updated  Dec 20, 2023

US30 New forecast The price perfectly fulfills my last idea and price reached to our targets + 150 pip. Yesterday, the index price presented some sideways fluctuation by positioning itself near 37392, trying to gather more positive momentum to enhance the chances of it resuming the previously awaited upward attack, to support our bullish bias to remain...

Arazmajeed Dec 19, 2023

UK BRENT OIL New forecast The price of Brent crude futures rose in yesterday's trading after reaching the support level at 78.87, then rebounded downward and settled below, waiting for the resumption of the main downward trend, heading towards achieving negative targets starting at 76.57 and extending far to 74.10. Therefore the downward scenario will be...

Arazmajeed Dec 19, 2023

USOIL New forecast The rise in the price of oil stopped at the resistance of the descending channel that appears in the chart, to rebound downwards and settle below the 72.90 level, awaiting stability below the 72.19 level to resume the main downward trend, heading towards achieving negative targets starting at 71.00 and extending far to 69.15. From here, a...

Arazmajeed Dec 19, 2023

EURUSD New forecast The euro/dollar pair rose to test resistance at 1.0956, waiting to encourage the price to resume the expected downward trend in the intraday term, whose next main target is at 1.0877. By breaking it, it will move to 1.0836 level . Therefore the downward scenario will be more likely during coming period , Stability below 1.0956 represents a...

Arazmajeed Updated  Dec 14, 2023

USNAS100 New forecast The index price succeeded in confirming the bullish scenario by crossing the barrier centered at 16112 yesterday, confirming its readiness to resume the main upward attack, targeting the 16436 and 16666 areas. Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is...

Arazmajeed Updated  Dec 14, 2023

US30 New forecast The index price rose in its recent transactions and consolidated above the resistance level of 36264 after breaking and stabilized above it , confirming the upward trend during today’s trading and targeting the level of 36580 and 36706. Therefore the upward scenario will be remain valid and effective during coming period supported by moving...