The German DAX index declined within the bearish context mentioned in the last analysis, heading to visit the official target of 15,960, recording its lowest level at 15,860. Technically, the index returned to the bullish bounce, building on a strong support floor of 15,860, accompanied by the positive motive for …
Read More »Dow Jones Building on Support
Oil, Crude, trading
Read More »GBP/JPY: Maintains Bullish Trend
The USD/JPY was little changed, and the technical outlook remained the same, within a tendency to rise, recording its highest level at 154.22. On the technical side, we are inclined to the positivity, based on stability and intraday stability above the support level of 153.40, in addition to the clear …
Read More »The Canadian Dollar Around Targets
The Canadian dollar could trade within the bullish correction tendency indicated during the past weeks, recording the highest level at 12745. However, the intraday movements are witnessing temporary adverse movements that hit the resistance level 1.2730 23.60% correction. Technically, and carefully looking at the 4-hour chart, we notice that the …
Read More »The British Pound is Heading Down
Oil, Crude, trading
Read More »Oil Trims its Losses
Oil, Crude, trading
Read More »Gold Extends Losses
Gold prices continued the negative move within the strong profit-taking wave that started with the beginning of last week’s trading, explaining that the stability of trading below the 1799 support level, opening the door to visit the target of 1769, posting a low at 1781. Technically, we notice the price …
Read More »Euro Continues to Down Side
There was little change in the EUR’s movements against the US dollar, maintaining the negative activity close to the 1.1200 target. Technically, the price continuation and stability below the simple moving averages support the bearish curve in prices and gain solid bearish momentum in the short time frames. Therefore, we …
Read More »Market Drivers – US Session – 23-11-2021
Wall Street major indices edged lower with the exception of Dow Jones Industrial that was the main winner of Tuesday’s US session. Higher US Treasury yields have impacted heavy-tech company earnings, spurring a selloff of tech stocks. Sector-wise, the main winners are energy, financials, and real-estate, rising 3.06%, 1.24%, and …
Read More »Canadian Dollar Surges on Oil Prices
The Canadian dollar benefited from the rise in global oil prices, despite the Biden administration’s announcement to release 50 million barrels of US strategic oil reserves in an attempt to tame the sharp rises in fuel prices in the United States.The Canadian dollar rose, pushing the USD/CAD pair down, to …
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