The Dow Jones Industrial Average on Wall Street jumped within the expected upward trend during the previous analysis, touching the first target to be achieved at 32,680, heading towards the official target station of 32,820, recording a high of 32,840. On the technical side, today, we hold onto our positive …
Read More »GBP/JPY: Attacks Resistance
The pound maintained positive stability against its Japanese counterpart, after finding a good support floor near the level of 151.20. On the technical side today, and with a closer look at the chart, we find the 50-day moving average is still providing a positive motive, accompanied by the stability of …
Read More »Canadian Dollar Continues to Achieve The Descending Targets
The Canadian dollar incurred noticeable losses within the expected downside path, touching the first official leg targeted during the last analysis, at a price of 1.2460, recording its lowest level at 1.2455. Technically speaking, and with a closer look at the 4-hour interval, and with the continued negative pressure coming …
Read More »Oil Maintains a Bullish Scenario
Oil, Crude, trading
Read More »Pound Retesting Support
Oil, Crude, trading
Read More »Gold Trying to Hold Above Support
Mixed trades dominated gold’s movements last Friday within a bullish context, after it found a strong support level around the psychological barrier 1700, to rebound to the upside to re-test the 1732 resistance level. Technically speaking, and with a closer look at the chart, we find the 50-day moving average …
Read More »EUR/USD Tends to be Positive
Various moves tended to be positive that dominated the euro’s movements against the US dollar at the end of last week’s trading within the scenario of re-testing the support published during the previous analysis, approaching a few points difference at the desired target of 1.2000, recording a high of 1.1990. …
Read More »Weekly Recap: 8-12 March
Weekly Recap: 8-12 March The second week of March saw the official ratification of a huge stimulus package in the United States called the “American Rescue Plan” that was signed by President Joe Biden after being passed by Congress. The $1.9 trillion relief plan will raise direct monthly payments to …
Read More »Oil Records Weekly Losses
Oil prices declined on Friday, amid increasing selling pressures for profit making, amid the rise of the U.S. Dollar (USD) and Treasury bond yields. Brent crude futures declined by 44 cents, or 0.63%, to $69.19 per barrel, falling by 0.25% for the week. Meanwhile, the West Texas Intermediate (WTI) …
Read More »Gold Posts First Losses in Four Days Limiting Weekly Rise
Gold prices declined on Friday, after rising for three consecutive sessions, as the U.S. Dollar (USD) Treasury bond yields rose again. The yellow metal futures for April delivery finished lower by $2.80, or 0.2%, at $1,719.80 per ounce. For the week, gold’s most active contracts rose by nearly 1.3%. The …
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