The German DAX index managed to achieve noticeable gains during the previous session’s trading within a bullish path, as we expected, touching the first target published in the previous analysis, 15,400, recording a high of 15,420. Technically, we are inclined to the positive, with the index based on the support …
Read More »Dow Jones Continues to Achieve Records
The Dow Jones Industrial Average jumped to achieve record gains within the expected positive outlook, in which we targeted 34,690 levels, to record a high of 34,721. On the technical side, the RSI indicator continues to defend the upside, in addition to stochastic concentrating around overbought areas. With the stability …
Read More »GBP/JPY: Retest Support
The pound against the Japanese yen provided positive trading, attacking the psychological barrier resistance of 152.00, benefiting from stability above the support level of 151.40. On the technical side, today we tend to be positive, depending on the stability of trading above the aforementioned support, in addition to the pair …
Read More »Canadian Dollar: Continues to Decline
The Canadian dollar continues its bearish path, as we expected, heading to visit our desired target at 1.2100, to hit its lowest level during the previous trading session at 1.2116. Technically speaking, the pair broke the level of 1.2170, which has now been converted into a resistance level that supports …
Read More »Pound Attacks The Psychological Barrier
Oil, Crude, trading
Read More »Crude Oil: Negativity Persists
Oil, Crude, trading
Read More »Gold May Witness a Temporary Decline
Gold prices managed to achieve strong gains during last Friday’s trading, surpassing the official target required to be achieved during the previous analysis at the price of 1836, recording its highest at the price of 1843. On the technical side today, and by looking at the chart at the 240 …
Read More »Euro Breaks Through Resistance And Recovers Against US Dollar
Positive trading dominated the euro’s movements against the US dollar at the end of last week’s trading, after it succeeded in surpassing the upside and breaching the pivotal resistance at 1.2065, explaining that confirming the breach of the aforementioned level paves the way for the euro to visit 1.2170, recording …
Read More »Weekly Recap: 3-7 May
Last week was full of Data and statements. The US dollar’s decline in favor of risk assets has dominated the markets last week after economic data and monetary policy decisions. US Dollar The week was full of events that led to a noticeable decline in the price of the US …
Read More »BofA: Stocks Attracted $18.5B This Week
Bank Of America’s analysis of weekly fund flow statistics showed that investors bought a lot of global stocks in the week ending Wednesday, as companies reported huge profits and major central banks downplayed concerns related to a return to monetary stimulus. Equity funds attracted $18.5 billion, which was mainly driven …
Read More »