The German DAX index touched our bearish targets at 15,645, heading towards the second target of 15,610. Technically, the current moves are witnessing a slight bullish slope. We see that the index is trading above the 15,620 support level, accompanied by stochastic attempts to eliminate the present negativity. Therefore, the …
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Oil, Crude, trading
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The negative pressure continues to dominate the movements of GBP/JPY within the expected bearish context, gradually approaching the first required target of 150.70 On the technical side, the negative pressure of the simple moving averages and the apparent negativity features on the stochastic indicator. Therefore, the bearish bias is preferred …
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The current moves of the Canadian dollar are witnessing a bearish tendency after it found a strong resistance level near 1.2700, failed to settle above it for a long time within a bearish slope that aimed to retest the pivotal support 1.2600. Technically, we find that it started moving below …
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Oil, Crude, trading
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Oil, Crude, trading
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Gold prices witnessed negative trades during the last trading session to close below the critical resistance of 1799. On the technical side today, we notice here a contradiction in the technical signals between the negative pressure of the 50-day moving average, which presses the price and meets around 1799/1800, and …
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Limited sideways trading dominates the euro’s movements for the second session in a row, and it hits the strong resistance level of 1.1850, unable to breach it so far, which forced it to the downside, to put negative pressure on the 1.1800 support level. With a closer look at the …
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Euro benefited, Wednesday, from a boost due to the USD’s weakness after positive comments on inflation by the European Central Bank’s chief economist.Euro/USD rose to 1.1814 compared to 1.1804, on Tuesday. The pair fell to a trading day low of 1.1799 versus a high of 1.1832.“The pandemic emergency asset purchase …
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Canada’s main stock index rose on Wednesday as a direct impact of a jump in oil prices giving a boost to energy shares.Higher yields of the Canadian bonds still contribute to helping strengthen the country’s financials, including the stock market.The Toronto Stock Exchange’s S&P/TSX composite index ended up 140.54 points, …
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