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Significant negative trades dominated the Dow Jones Industrial Average on the New York Stock Exchange, recording its lowest level during the previous session’s trading, 33,603. On the technical side today, and with a closer look at the 60-minute chart, we find the RSI continues to defend the downside, and this …

GBP/JPY managed to achieve the negative outlook, as we expected, touching the second target mentioned in the previous analysis at 149.60, recording a low of 149.36. On the technical side today, the price builds below the resistance level of 149.90, in addition to the pair continuing to get negative pressure …

We committed to intraday neutrality during the previous analysis due to the conflicting technical signals to witness the Canadian dollar’s trading a sideways context trapped from below above the support level of 1.2470 and from above below the resistance level at 1.2555. Technically, by looking at the 60-minute chart, we …

Oil, Crude, trading

Oil, Crude, trading

Gold’s movements did not witness a significant change during the last trading session, keeping trades confined from the bottom above the support level 1773 and from below, the resistance level 1797. Technically, and with a closer look at the hourly chart, we find negative signs appearing on the stochastic indicator, …

Quiet trading dominated the movements of the euro against the US dollar during the previous trading session, as the pair found a strong resistance level around 1.2065. On the technical side today, the intraday trading is still stable below the resistance level of 1.2065 Fibonacci retracement of 38.20%, as we …

The New York Stock Exchange (NYSE) declined on Thursday, closing on sharp losses that marked the worst daily performance on Wall Street since early March. News about U.S. President Joe Biden preparing a new proposal to tax the wealthiest Americans and raise the capital gains tax to fund public expenditure …

Oil prices registered modest gains on Thursday, following strong losses yesterday to their lowest level in a week due to concerns about the coronavirus pandemic. Brent crude futures for June delivery rose by 8 cents, or 0.1%, to close at $65.40 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude …

Gold prices closed Thursday lower, declining for the first time in three sessions, following a surge to their highest level in about two months on Wednesday. Gold futures for June delivery declined by $11.10, or 0.6%, to finish at $1,782 per ounce. Meanwhile, silver futures for May delivery lost 39 …