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 …

Floods into cryptocurrency funds and products reached $ 4.9 billion by April 16, data from CoinShares, the cryptocurrency manager, reported on Tuesday, with the pace of the increase slowing somewhat in the first two weeks of the month after reaching unprecedented levels in the first quarter of the year. The …

Data from the Turkish Ministry of Health, Wednesday, April 21, showed that 362 new deaths were recorded with Covid-19 during the past 24 hours, in the largest daily toll since the outbreak of the pandemic in the country, bringing the total number of deaths to 36,975 deaths. The data showed …

Data from the European Union’s statistics office Eurostat showed that eurozone debt rose last year as European governments borrowed heavily to keep their economies active during lockdown measures aimed at combating the Coronavirus pandemic, while countries that are already heavily debt-ridden added most of the new debt. Eurostat said combined …

The euro rose ahead of a meeting of the European Central Bank to be held later on Thursday, April 22nd, as any positive comments on the economic outlook or hints of a reduction in bond purchases are expected to push the single currency up rapidly. The European Central Bank is …