Elon Musk announced, through his Twitter account, that his company accepted Bitcoin in exchange for buying cars produced by the company, which led to a rise in Bitcoin prices by more than 3%. The CEO of Tesla added that the Bitcoin purchase will be available to customers from outside America …

The current movements of the German DAX index are witnessing a bearish bias, after finding a strong resistance level around 14,720. On the technical side, we are biased towards the negativity relying on the obvious negative crossover signals on Stochastic. Therefore, we target 14,530/14,520, and then 14,430 next stop. The …

The Dow Jones Industrial Average declined significantly during the previous session’s trading on Wall Street, touching the target mentioned in the prevoius analysis, located at a price of 32,300, to record its lowest level at 32,231. On the technical side, today, with the RSI indicator continuing to defend the bearish …

Negative trading continues to pressure the pound against the Japanese yen within the expected bearish path after the pair failed to maintain trading above 149.80. On the technical side, we tend to be negative, with stochastic gaining bearish momentum, which is accompanied by the negative pressure from the 50-day moving …

The Canadian dollar was able to complete the bullish corrective bias seen to in the previous analysis, after it succeeded in establishing a solid support floor around 1.2500, in addition to the pair’s success in breaching 1.2550, heading for touching our awaited target of 1.2610, recording the highest of 1.2605. …

Oil, Crude, trading

Oil, Crude, trading

The movements of the yellow metal witnessed a negative bias, after it failed to breach the pivotal resistance published in the previous analysis at 1747, which forced it to retest 1724. Technically speaking, and with a closer look at the 4-hour chart, we find gold is turning around the 50-day …

The single European currency retreated significantly during the previous trading session. We have maintained our intraday neutrality during the previous report, indicating that we are awaiting confirmation of a break of the 1.1880 support level, in order to facilitate the mission to visit 1.1800, recording a low at 1.1836. On …

The current account deficit in the United States accelerated to a 12-year high in 2020, as the Covid-19 pandemic severely affected the flow of goods and services. The US Commerce Department said the current account deficit, which measures the flow of goods, services, and investments into and out of the …