The EURCHF trend is down, driving selloffs into previous long term support levels at 0.9677 - 0.9666. Trade is positioned to extend selloffs, but be alert for support off 0.9648 to continue rebounding trade into the next few days. A close over 0.9787 (SAR) is needed to rekindle bull trending action.

إنخفاض إتجاه اليورو مقابل الفرنك السويسري مما أدى إلى عمليات بيع إلى مستويات خط الدعم عند 0.9677 - 0.9666. التداول في وضع يسمح له بتمديد عمليات البيع ⬅️ 0.9648. على الأسواق أن تغلق فوق سعر ال0.9787 لإعادة إحياء حركة الاتجاه الصعودي.

The GBPUSD market is into short term bear downturn still, dropping to the 1.2422 support and holds a chance for selloffs to test against 1.2374. A close over 1.2635 (SAR) is needed to reverse the short term trend back up.

لا يزال سوق الجنيه الاسترليني مقابل الدولار الأميركي يشهد تراجعًا على المدى القصير، حيث انخفض إلى مستوى الدعم عند 1.2422 وهناك فرصة لمزيد من عمليات البيع لإختبار خط ال 1.2374.

After reaching the 189.99 level, the GBPJPY market is trying to reverse out and renew up trending trade. A close over 192.97 should boost rallies to challenge back against 193.40. A breakout over 193.40 signals for a drive to 193.90. SAR for today 190.51.

بعد الوصول إلى مستوى 189.99، يحاول سوق الجنيه الاسترليني مقابل الين الياباني عكس مساره وتجديد الاتجاه الصاعد. الإغلاق فوق 192.97 من شأنه أن يعزز الاندفاعات لتحدي السعر مرة أخرى مقابل 193.40. يشير الاختراق فوق 193.40 إلى الارتفاع نحو ال193.90.

The USDCHF market continues to unfold a bull flag upturn and suggests advances over the next several days to reach for 0.9175 and possibly 0.9182. Staying over 0.9068 keeps trade biased to the upside.

مسار سوق الدولار الأميركي مقابل الفرنك السويسري على إرتفاع مع تقدم خلال الأيام القليلة القادمة للوصول إلى 0.9175 وربما 0.9182. البقاء فوق 0.9068 يبقي التداول متحيزًا نحو الأعلى.

After reaching the 167.43 level, the CHFJPY market is trying to reverse out of last week’s corrective setbacks and renew bull trending trade. A close over 168.45 should boost rallies to challenge back against 169.20 - 169.30 . A breakout over 169.30 signals for a drive to 170.80. SAR for today 167.90.

The USDJPY market is short term bullish and holds potential for a move to 154.800. Trade is positioned for pressing rallies the next few days. Corrective dips and congestion holding 153.80 should quickly return to rallies. A Close under 152.87 (SAR) is needed for a short term peaking turn for retracement selloffs.

From Wednesday, the AUDUSD market posture is negative. The slide back through 0.6430 leaves trade positioned to continue attacking under 0.6390. A close under 0.6390 projects to 0.6360. Any near term rebounds will find resistance at 0.6550.

Gold market is into a down correction phase. Technically, being extremely overbought, the market conditions might prompt some profit-taking around the metal 2323.0 - 2300.0, if broken ⇒ 2290.0. SAR for today 2415.0.

Being in the Overbought area for the last 4 trading days, the Silver market is suggesting a short term turnover and could drag trade down along 27.53 - 26.90. We need a close over 29.45 (SAR) for a lasting reversal into a correction phase.

Crude Oil reached the 88.00 level. Technically, the market is triggering a downside breakout and opens up potential selloffs to 82.20. A close under the 82.20 could warns for washout declines to 79.80. Any corrective rebounds should find resistance within Friday's accelerating selloff range. Only a close over 87.30 (SAR) marks a reversing turnaround.

بلغ سعر برميل النفط الخام مستوى ال 88.00. من الناحية التقنية، يبين السوق إلى تداول حجم عمليات بيع محتملة نحو ال 82.20. وعند إغلاق السوق تحت 82.20 رقم ال 79.80 سيكون هو الهدف التالي.

The DJ30 status: 5 days oversold. The market is trying to lift a rally to attack 38530. A close over 38745 projects a drive to 39289.

The Copper market is bearish with pressing selloffs signaling a breakout under a 4.2320 weekly low. Sustained action under 4.1592 could open up a selling wave to 4.0215. Corrective rebounds will likely struggle with the accelerating momentum of declines from the past several days.

Dollar strong as Powell says little confidence to cut rates.
Traders remained biased towards the dollar after Powell said on Tuesday that recent signs of sticky inflation gave the Fed less confidence to begin cutting interest rates.

The EURUSD market is short/medium term bearish still, suggesting a wash towards the 1.0580, when broken 1.0516 (November 2023 low).

باول: إن الثقة قليلة في خفض أسعار الفائدة قريباً.
وعليه ظل المتداولون متحيزين تجاه الدولار بعد أن قال باول يوم الثلاثاء إن العلامات الأخيرة للتضخم أعطت بنك الاحتياطي الفيدرالي ثقة أقل لبدء خفض أسعار الفائدة.

لا يزال سوق اليورو مقابل الدولار الأميركي ضعيفاً على المدى القصير والمدى المتوسط، مع إنخفاض نحو منطقة ال 1.0580، ومن ثم 1.0516 (قاع شهر نوفمبر/تشرين الثاني 2023).

The GBPUSD short term trend remains down, but trade is fighting to hold and rebounded off the 1.2376 target. Market action alerts for a potential bottoming turn. We may see dips around 1.2376, but a close under 1.2360 is needed to renew bear pressures. A close over 1.2530 alerts for a short term bottoming turn.