European stocks rallied Friday (February 5th), tracking optimistic sentiment on Wall Street thanks to hopes for a faster global economic recovery, while stocks in Frankfurt lagged in performance after data showed a decline in industrial orders. The European Stoxx600 index gained 0.2% and is on track to post its longest …
Read More »German Factory Orders Fall More Than Expected in December
Data revealed that German factory orders decreased more than expected on a monthly basis in December, as the impact of restrictions imposed to combat the Coronavirus reduced demand from the rest of the euro area. The data published by the Federal Statistics Office showed that orders for the supply of …
Read More »Bitcoin May See a Downward Trend
Bitcoin touched the first required target during the previous analysis at 38,190 and approached the second target of 38,760, recording its highest price of 38,680. Today, we tend to be negative on short time frames, relying on Bitcoin getting negative pressure from the 50-day moving average in addition to the …
Read More »Dax Touches Desired Goals
Notable positive moves dominate the German DAX index within a bullish path, as we expected touching the required official station at 14,060, to record its highest price of 14,060 during early trading for the current session. We tend to be positive in our trading, depending on the positive motive coming …
Read More »Dow Jones Extends Gains Ahead of Jobs Data
The Dow Jones Industrial Average jumped yesterday, surpassing the target of 30,800, recording its highest level at 31,022. On the technical side, we find the RSI stable above the 50 midline, supported by stochastic around overbought areas. Therefore, with the stability of trading above 30,800, this encourages us to maintain …
Read More »GBP/JPY: Building on Support
The pound against the yen succeeded in touching our published target during the previous analysis, located at 142.80, recording its lowest price of 142.80, to rebound once again to the upside, taking advantage of the support level of 142.80, which is our first target. The chances of it rising towards …
Read More »Canadian Dollar: Touches First Target of Bullish Correction
The Canadian dollar maintained its bullish bias within the bullish correction, as we expected establishing a good support floor around 1.2760 / 1.2750, touching the first bullish correction target of 1.2850, recording its highest level at 1.2847. Technically speaking, and with a closer look at the chart, we find the …
Read More »Pound Breaks The Support
Oil, Crude, trading
Read More »Oil Continues to Make Gains
Oil, Crude, trading
Read More »Gold Give up Against US Dollar, Eyes on Employment Numbers
Gold prices incurred heavy losses during the previous trading session within the expected bearish path mentioned in daily analysis, touching the third official leg 1800, recording the lowest price of 1785. On the technical side today, and with a closer look at the 240-minute chart, we find the 50-day simple …
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