The German DAX index managed to touch the second target to be touched during the previous trading session, at 15,310, to hit its highest level at 15,337. On the technical side, the current trading of the index is witnessing a bearish bias, after it found a strong resistance level around …
Read More »Dow Jones Stable Above Support
A bullish bias continues to dominate the moves of the Dow Jones Industrial Average, to succeed in reaching its highest price during the previous trading session at 33,430. On the technical side today, the index’s movements are still stable above 33,255/33,250 accompanied by the stability of the RSI indicator above …
Read More »GBP/JPY Needs Careful Consideration
GBP/JPT was able to touch the official target station during the previous analysis at 153.40, to find a strong resistance level around which forced it to trade negatively again. On the technical side, we find a contradiction in the technical signals between the negative pressure coming from the 50-day moving …
Read More »Canadian Dollar Continues Bullish Corrective Trend
The Canadian dollar continues to navigate within the expected bullish correctional trend, touching our first target located at 1.2590. Technically speaking, we tend to be positive, depending on the pair’s success in stabilizing an intraday above 1.2540, in addition to building an overall base above 1.2500, and we notice that …
Read More »Pound Touches First Target And Settled Below Support
Oil, Crude, trading
Read More »Crude Oil Facing Strong Resistance
Oil, Crude, trading
Read More »Positive Gold Looking For Confirmations
Gold prices were about to touch the first target at 1740, few points shy from the second target 1747, to set its highest level during the previous trading sessionn at 1745. Technically speaking, with the intraday trading remaining above 1728, accompanied by the positive stimulus of the 50-day moving average, …
Read More »Euro Touching Targets And Technicals Are Contradictory
The euro succeeded in achieving the second official target to be achieved and mentioned in the previous analysis, located at 1.1875, to hit its highest level during the previous trading session at 1.1877. On the technical side today, and with a closer look at the short time frames, we find …
Read More »US: JOLTS Job Openings Rise to 7.4 Million in February
The number of job openings on the last business day of February was 7.4 million, the US Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This reading came in higher than the market expectation of 6.9 million.
Read More »NZD/USD Trimmed Gains
The New Zealand Dollar (NZD) witnessed huge losses on Monday, as the US Dollar (USD) rebounded as Investors are turning to safety. After rising to its higher level in a year and a half by the end of last week, the NZD/USD pair erased its gains earlier today. This is …
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