The German DAX index was able to achieve the first required target located at the price of 15,260, recording a high of 15,270. Technically, with the index price consolidating above 15,160/15,150 support, which is accompanied by the positive stimulus of the 50-day moving average. This encourages us to maintain our …
Read More »Dow Jones Stable Above Support
The Dow Jones Industrial Average maintains positive stability touching the first target to be achieved, at 33,445, recording its highest price of 33,471. On the technical side, the RSI indicator continues to get positive signs, and this comes in conjunction with the stochastic concentration around overbought areas. From here, intraday …
Read More »GBP/JPY Breaks Support
The pound retreated against the Japanese yen, a noticeable decline, nullifying the positive outlook, as we expected, touching the stop-loss order published in our analysis at 150.50, and as a reminder, we have indicated that any attempts to break the aforementioned level put the price under negative pressure targeting 149.75, …
Read More »Canadian Dollar Retsting Support
The Canadian dollar succeeded in retesting the strong support level published during the previous analysis, located at 1.2550, maintaining the positive stability above the aforementioned level. Technically speaking, and by looking at the 240-minute chart, we find the stochastic indicator is trading around oversold areas, in addition to the emergence …
Read More »Pound Maintains The Bearish Path
Oil, Crude, trading
Read More »Crude Oil: Negative Pressure Remains
Oil, Crude, trading
Read More »Gold Continues to Recover
Gold prices managed to achieve the first target required to be touched during the previous analysis, located at 1754, to record its highest level, 1758. Technically, and with a closer look at the 4-hour chart, we find the simple moving averages continue to hold the price from below, and the …
Read More »The Euro Waiting For New Signals
Quiet trading dominated the moves of the euro against the US dollar during the previous trading session, to witness the current moves stabilizing again above 1.1885. Technically speaking, the 50-day moving average holding the price from the bottom and supports a bullish curve for prices, on the other hand, we …
Read More »Oil Prices decline Post The US Data
Crude oil prices fell on Thursday after official data showed a significant increase in US gasoline stocks, which raised concerns about weak demand in the world’s largest oil consumer as crude supplies rose around the world, and Brent crude fell 51 cents, or 0.8%, to $62.65 a barrel. The price …
Read More »US: Weekly Initial Jobless Claims rise to 744K
There were 744,000 initial claims for unemployment benefits in the US during the week ending April 3, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 728,000 (revised from 719,000) and came in worse than the market expectation of …
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