The Dow Jones Industrial Average declined significantly during the previous trading session, to cancel the positive outlook and touching the stop-loss order. We indicated that trading below 30,615 is able to completely negate the Bullish Scenario and we may witness a strong bearish tendency, with an initial target around 30,470, …

The positive moves continued to dominate the Pound against the Japanese Yen, achieving the first bullish target published during the previous analysis at 142.85. On the technical side today, with trading stabilizing above the support floor at 142.20, in addition to the pair continuing to get a positive motive from …

Positive trading dominated the Canadian dollar within the bullish technical correction, as we mentioned during the previous analysis, touching the aforementioned first correction target of 1.2830, recording its highest level during early trading for the current session 1.2836. Technically speaking, and with the pair’s success in stabilizing, intraday, above the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in achieving the expected negative outlook during the last analysis, located at the price of 1838, to record its lowest price during the previous session in 1831. On the technical side, and by looking at the chart at a 240-minute chart, we notice that the price continues …

Negative trading dominated the moves of the euro against the US dollar within the expected bearish path, in which we relied on confirming a break of 1.2120 in his way to touch the first official leg of the break 1.2065, recording its lowest price at 1.2058. Technically, and with a …

Durable Goods Orders in the United States rose by 0.2%, or $0.4 billion, to $254.3 billion in December, the data published by the US Census Bureau showed on Wednesday. This reading followed November’s increase of 1.2% and missed the market expectation of 0.9%.

GBP/USD continued its corrective slide from several-month highs, and reached its daily low, with a target of 1.3700. After optimism about the launch of Covid 19 vaccines and hopes for a global economic recovery faded, along with doubts about the timing of the US stimulus plan, all this affected the …

Germany, Europe’s largest economy probably contracted by 3% in the January to March period, the latest forecasts published by Germany’s economic institute DIW showed on Wednesday.