The German DAX Index approached the first target at 15,530, to settle for recording a high of 15,513. On the technical side, the index found a strong resistance level around 15,500 under pressure from the negative signs of the RSI on short time frames, coinciding with the negative signs coming …
Read More »Dow Jones May See a Temporary Decline
Negative trades dominated the Dow Jones Industrial Average on Wall Street during the previous trading session, to settle for recording its highest level around the 34,050 resistance level. On the technical side, today we find negative signs appearing on Stochastic, accompanied by negative signs coming from the RSI. From here, …
Read More »Pound Outperforming Japanese Yen
Positive trades dominated the moves of the pound sterling against its Japanese counterpart, touching the second target to be achieved during the previous analysis of 151.00 touching a high of 151.21. On the technical side today, the pair builds above 150.80 and generally above 150.30 supports the continuation of the …
Read More »Canadian Dollar: Looking For Extra Momentum
We committed to intraday neutrality during the previous analysis due to the contradictory technical signals, and the Canadian dollar is still building on the support floor of 1.2470. Technically speaking, we tend to be positive, depending on the attempts of Stochastic to obtain additional momentum, in addition to the intraday …
Read More »Pound Rushing Towards Targets
Oil, Crude, trading
Read More »Crude Oil Tends to be Temporary Negative
Oil, Crude, trading
Read More »Gold Touches Target And Retest of The Support Still Intact
Gold prices were able to continue achieving gains, as we expected during the previous trading session, approaching a few points difference from the first official leg located at 1794, to record its highest level of 1790. Technically, and with a closer look at the 60-minute chart, we find that the …
Read More »The Euro Continues to Advance
The euro continues to advance against the US dollar within the expected bullish path mentioned in the previous analysis within a gradual rise towards the upside approaching the required target of 1.2060, reaching a high of 1.2050. Technically speaking today, we find that the current transactions setteled above the psychological …
Read More »Spain’s Health Ministry: Considering Delaying Second Dose of Moderna, Pfizer Shots
Spain’s Health Ministry announced on Monday that it is considering delaying second doses of coronavirus vaccines developed by Pfizer and Moderna, El Mundo newspaper reported on Monday, citing an official document. The proposal is under consideration for under 80-year-olds to maximize the number of people who have received at least …
Read More »Bitcoin Begins The Week With a Record Drop
Bitcoin traded at around $ 57,350 on Monday, after dropping as much as 15% on Sunday on the back of a drop in shares associated with cryptocurrency trading or bitcoin mining the previous week. The losses came after Bitcoin on Wednesday jumped over $64,000 for the first time ever due …
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