Positive moves dominated the German DAX index within the bullish path, as we expected it approached with a difference of a few points of the target to be achieved during the previous session, 13365, posting a high of 13340. On the technical side, the intraday movements of the index are …
Read More »Dow Jones Based on Support
The positive attempts of the Dow Jones Industrial Average on Wall Street continue to maintain the gains it made during this week’s trading. Technically, and with a closer look at the 60-minute chart, we find the RSI indicator is still providing positive signals, accompanied by the positive motivation of the …
Read More »GBP/JPY: Still on The Downside
Negative trading dominates pound’s movements against its Japanese counterpart, after finding strong resistance near the psychological level of 140.00. On the technical side, today the current movements are witnessing a bearish bias, due to the pressure of the clear negative crossover signals on the stochastic indicator, in addition to the …
Read More »Canadian Dollar: Negative Pressure Still Intact
The technical outlook remains unchanged, and the pair’s movements have not changed significantly for the second session in a row, maintaining negative stability. Technically, and with a closer look at the 4-hour chart, we notice the continuation of the negative pressure coming from the 50-day moving average, in addition to …
Read More »GBP Remains Bullish on Track
The British Pound maintains its bullish path against the US dollar, approaching a few points difference from the target published in the previous analysis, located at 1.3400, posting a high of 1.3397. Technically, and with a closer look at the 4-hour chart, we find the stochastic trying to obtain more …
Read More »Crude Oil Made A Minor Correction to The Upside
Oil, Crude, trading
Read More »Gold Struggling With Support Level
Gold prices hit the strong resistance level published in the previous analysis at 1818/1819, which we clarified is one of the conditions for continuing the bearish trend to force the price to retreat quietly again. Technically speaking, and with a closer look at the 4-hour chart, the simple moving averages …
Read More »Euro Continues to Rise Gradually
The single European consolidated its gains against the US dollar, continuing its gradual rise to the upside. On the technical side, with the pair moving inside the bullish price channel shown on the chart, in addition to the positive stimulus from the simple moving averages. This encourages us to keep …
Read More »Bitcoin Hits Its Lowest Level in 10 Days
Bitcoin slumped to its lowest level in 10 days, halting its sharp rally and sparking sell-off among smaller cryptocurrencies. The world’s largest cryptocurrency fell 13% to its lowest level since November 16 and was last down 9% to $ 17,074, a sharp correction from its three-year high of $ 19,521 …
Read More »Turkey Net Foreign Exchange Reserves Rose to $18.4 Billion Last Week From $16.4 Billion
Data showed that the net foreign reserves of the Turkish Central Bank amounted to 18.45 billion dollars on November 20, up from 16.43 billion dollars a week earlier when it reached its lowest level since March 2004. The exchange rate used by Reuters today is 7.6699 compared to 7.7896 the …
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