The Dow Jones index maintains positive stability, recording its highest level during the previous trading session, 33,670 benefiting from an intraday consolidation on the support floor of 33,560. Technically, we tend to be positive, relying on the RSI to continue providing positive signals on short intervals, which come as the …
Read More »GBP/JPY: Below Support
Negative trading dominated the pound’s movements against the Japanese yen within the expected bearish context during the previous analysis. On the technical side, we tend to be negative, relying on the confirmation of the pair breaking the support level of 150.70, which is now converted into a resistance level, in …
Read More »Canadian Dollar: Continues to Rise
The technical outlook remains unchanged, and the pair’s movements have not changed significantly, maintaining the upward correctional trend. Technically, and with a closer look at the chart at a 240-minute, we find that the RSI continues to defend the bullish corrective tendency, in addition to the positive crossover signals that …
Read More »Pound Facing Negative Pressure
Oil, Crude, trading
Read More »Oil Trading in a Sideways Range
Oil, Crude, trading
Read More »Gold Continues Its Gradual Decline
Gold prices succeeded in achieving the first target required to be touched in the previous analysis, located at a price of 1727, recording its lowest price of 1727. On the technical side today, and with a closer look at the chart at a 240-chart, we find negative signs still dominating …
Read More »Euro Looking For a More Powerful Trend
The pair provided calm, positive trading, benefiting from stability above the strong support level at 1.1880, as part of attempts to stabilize above the psychological barrier of 1.1900. Technically speaking and with a closer look at the 60-minute chart, we find the 50-day moving average trying to provide a positive …
Read More »Wall Street Opens Lower, Focus on Earnings And Data
Wall Street’s main indexes fell on Monday, while the S&P 500 retreated from record highs, as investors brace themselves to start the earnings season and the release of a major inflation report this week. The Dow Jones Industrial Average fell 25.54 points, or 0.08%, to 33,775.06 points. The Standard & …
Read More »Iraq Raises Selling Prices of Basrah Light And Medium Crude Oil to Asia in May
On Monday, a pricing document showed that Iraq raised the official selling price of Basra Light crude in May shipments to Asia to a premium of $1.40 per barrel to DME Oman futures, an increase of $0.10 over the previous month. According to Reuters. The official selling price of Basra …
Read More »Bitcoin Hits Record Highs
Bitcoin rose to 61,234 on Monday to reach a record high at 61,781 USD on March 13th as the largest American cryptocurrency exchange Coinbase Global Inc will begin trading on the Nasdaq Stock Exchange on April 14th. The digital currency rose nearly nine-fold in the past year, driven by institutional …
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