The Dow Jones Industrial Average declined significantly during the previous trading session within the expected bearish path mentioned in the previous analysis, touching the official target station at 33,780, recording its lowest price 33,570. On the technical side, we notice that there is a clear breach of the support level …
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Negative trading dominated the pound’s movements against the Japanese yen, as a result of hitting psychological barrier resistance 152.00. On the technical side, today we are biased negatively depending on trading stability below the mentioned resistance, in addition to the RSI gaining bearish momentum over the short time intervals. Therefore, …
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Positive trading dominated the Canadian dollar’s movements yesterday within the expected bullish path, in which we depended on the breach of 1.2550, indicating that this is a catalyst that strengthens the bullish chances of touching the first target of 1.2610, recording a high of 1.2623. Technically, and with a closer …
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Oil, Crude, trading
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Oil, Crude, trading
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Gold prices faced negative pressure as we expected during the previous analysis, touching our first target at 1765, recording the lowest price of 1763. Technically speaking, and by looking at the 60-minute chart, we find that the RSI indicator began to gradually lose the bullish momentum, accompanied by the obvious …
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The European single currency managed to achieve the first bullish target published during the previous analysis, located at 1.2060, to record a high of 1.2080. On the technical side, the current movements of the pair are witnessing negative pressure due to approaching the resistance of the psychological barrier of 1.2100. …
Read More »Inflation in New Zealand increased during the first quarter (Q1) of the year, increasing the signals that the Reserve Bank of New Zealand (RBNZ) could maintain interest rates for some time. The consumer price index (CPI) rose by 1.5% during Q1 of 2021 on an annual basis, according to data …
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The Chairman of the United States Federal Reserve, Jerome Powell, recently told a Senator that inflation would be a little higher in 2021, due to the economic recovery from the coronavirus pandemic. However, Powell has vowed in his letter to Rick Scott on April 8 to limit consumer prices overshooting, …
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Dogecoin fell on Tuesday after reaching new all-time record highs earlier in the day, which was prompted by many social media users posting on hashtags supporting the meme-based cryptocurrency. The digital currency is now down by roughly 16% for the day at $0.337. However, the price of the cryptocurrency remains …
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