Record gains achieved by Bitcoin within a gradual rise to the upside, recording 49,474, its highest level during today’s trading session. On the technical side, there is a conflict between the negativity of the stochastic and the positive motive of the 50-day moving average. We will be neutral due to …
Read More »German DAX: Built on Support
The German DAX managed to achieve the required target mentioned in the last analysis, located at the price of 14,125, its highest level at 14,142. Technically, we tend to be positive, citing the stability of trading above the psychological barrier support 14,000, in addition to the clear positive crossover signals …
Read More »Dow Jones: Maintains a Bullish Path
The Dow Jones Industrial Average continues to achieve gains on Wall Street within the expected bullish path, recording its highest level at 31660. On the technical side today, and with the index succeeding in building a base on the support floor of 31,550 and the most important 31,520, which was …
Read More »GBP/JPY: Achieves Strong Gains
The pound sterling against the Japanese yen jumped within the expected positive outlook, surpassing the official target required to be achieved during the previous analysis, located at 147.00, recording a high of 147.30. On the technical side, trading remains above 146.80, accompanied by positive motives for the simple moving averages …
Read More »Canadian Dollar: The Negativity Still Persists
Negative trading continues to control the Canadian dollar’s movements within the expected bearish path, touching the first target to be achieved yesterday at 1.2635 and approaching a few points difference from the second official target of 1.2600, recording the lowest price during the Asian session for the current session at …
Read More »Pound Continues to Outperform US Dollar
Oil, Crude, trading
Read More »Oil Needs Momentum to Rise
Oil, Crude, trading
Read More »Gold Trying to Rise Continuously
Positive trades dominate the movements of gold, taking advantage of building on the strong support floor located at 1810. On the technical side today, and with a closer look at the 60-minute chart, we notice the return of the price stability above the 50-day moving average, in addition to gold …
Read More »The Euro is on the ًay to Upside
The technical outlook is as it is, and the moves of the euro against the US dollar were not significantly changed in quiet trading that tended to be positive amid the US market holiday yesterday. In terms of technical analysis, the Euro found a good support floor around 1.2080. With …
Read More »EU: Industrial Production in Euro Area Contracts by 1.6% in December
The data published by the Eurostat showed on Monday that Industrial Production in the euro area contracted by 1.6% on a monthly basis in December. This reading followed November’s expansion of 2.6% and came in worse than the market expectation for a decrease of 0.6%. On a yearly basis, Industrial …
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