Japanese stocks reversed course to close as well on Wednesday 17th November, as concerns about rising costs and a weaker yen outweighed the positive impact of a rally in technology stocks. The Nikkei index fell 0.4% to 2,9688.33 points, while Topix fell 0.6% to 2,038.34 points. Speaking of currency splits, …

As expected, the German DAX index jumped to announce strong gains, touching the official station required during the previous analysis, at 16,240, recording its highest level at 16,260. Technically, today, we are inclined to the positivity, relying on the stability of the index’s price above the support level of 16,160, …

Oil, Crude, trading

The British pound jumped against the Japanese yen, achieving notable gains, as we expected, touching the required target at 154.00, to record its highest level at 154.32. Today, we tend to the positivity, relying on the pair’s success in building a base at the support level of 153.50, which is …

The Canadian dollar managed to work within the bullish technical correction referred to during this week’s reports, touching the first target of the last report at 1.2570, recording the highest level at 1.2586. Technically, the pair is now hovering around a strong resistance level of 1.2590 represented by the 38.20% …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the extended target, as we mentioned yesterday. We relied on confirming the breach of the main resistance level 1867, explaining that ​​it enhances the gains to visit 1877, recording its highest level at 1877. Technically, Strong supply areas at the resistance represented by the target …

The losses of the European single currency extended against the US dollar, as we expected, bypassing the second official leg of the current downside wave represented by our target 1.1300, recording its lowest level at 1.1263 during today’s Asian session. Technically, and by looking at the chart, we notice the …

The European session did not see strong moves and the markets were waiting for the retail sales from the US as well which came in better than expected. The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the …