Positive trading dominated the movements of the German DAX index within the expected bullish path mentioned in the previous analysis, touching the first target at 15,400, recording its highest level at 15,531. Technically, by looking at the 60-minute chart, the index is still consolidating above the minor support level of …
Read More »Dow Jones Could See a Downward Slope 17/2/2022
Oil, Crude, trading
Read More »GBP/JPY: Facing Temporary Negative 17/2/2022
GBP/JPY managed to touch the bullish target required to be achieved yesterday, at 157.00, recording the highest level at 157.10. On the technical side, the current moves are witnessing a bearish bias resulting from hitting the resistance level 157.00. which constitutes a negative pressure factor, and the RSI is losing …
Read More »CAD: Possibility of an Upward Slope 17/2/2022
The support levels published during the previous analysis, at 1.2665, managed to limit the bearish bias that occurred during the middle of the last session’s trading, which contributed to pushing the price higher above the 1.2700 level. Technically, by looking at the 4-hour chart, we notice the positive crossover signs …
Read More »The Pound Hits Resistance And Losing Momentum 17/2/2022
Oil, Crude, trading
Read More »Oil is Trying to Consolidate 17/2/2022
Oil, Crude, trading
Read More »Gold Returns to Consolidate Above The Resistance 17/2/2022
Positive moves dominated gold trades after testing the ascending channel’s support around 1844, which pushed it to rebound in the bullish direction to settle above 1859 resistance, and intraday stability above 1865. Technically, by looking at the 240-minute chart, we notice that the price continued to obtain a positive stimulus …
Read More »The Euro is Testing Resistance And Finding difficulty to Break Through 17/2/2022
The Euro retested the critical resistance mentioned in the previous report at 1.1380, explaining that it represents one of the most critical directional keys for the current trading levels, which forced the pair to trade negatively around 1.1345, the lowest level during the early trading of the current session. Technically, …
Read More »Market Drivers – US Session – 16 February
What you need to know on Thursday, February 17:The American dollar edged lower on Wednesday, despite the release of upbeat US data and uncertainty related to Russian and Ukrainian border tensions. The US Federal Reserve released the Minutes of the latest FOMC meeting, which indicated that policymakers are willing to …
Read More »EUR/USD Climbs Following FOMC Minutes
During the North American session, the European currency extended its rally, so far up 0.40% in the week, amid uncertainty in the Russia/Ukraine conflict. At the time of writing, the EUR/USD is trading at 1.1379.The conflict between Russia and Ukraine has kept the market mood continuously swinging since last Friday, …
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