The German DAX index continued declining within the expected bearish path, touching the first target required to be achieved during the last analysis, at 15,640, recording its lowest level at 15,613. On the technical side today, we notice the continuation of the negative pressure from the 50-day moving average, in …

Oil, Crude, trading

Mixed trading dominated the pound’s movements against the Japanese yen to witness within a bullish path after it managed to settle above the 155.50 support level. Today, we tend to the positivity, but with caution, relying on the price stability above 155.50 accompanied by positive signs that started appearing on …

Negative trading dominated the Canadian dollar’s movements, trying to pressure the pivotal support level at 1.2465 to end its daily trading above that level. Technically, there is a conflict in the technical signals between the attempts of the stochastic indicator to obtain positive signals that increase the possibility of an …

Oil, Crude, trading

Oil, Crude, trading

Gold prices achieved noticeable gains and reversed the bearish trend as we expected, in which we relied on trading stability below the 1820 resistance level, recording the highest level at 1844. Technically, trading above the previously breached resistance-into-support at 1820 price supports the possibility of the upside and price movements …

The moves of the single European currency showed sideways movements that tended to the upside, building on the support of the psychological barrier 1.1300, and the pair is now hovering around its highest level during the early trading of the current session 1.1350. Technically, by looking at the 4-hour chart, …

Data released today by Statistics Canada showed that the inflation index grew as expected for the third consecutive month in December, as the consumer price index fell by 0.1% in December, in line with market expectations, but less than the previous reading, which recorded an increase of 0.2 % last …

Oil prices rose on Wednesday for the fourth consecutive day after a pipeline fire from Iraq to Turkey briefly halted supplies, raising concerns about an already-existing outlook for near-term tightness. Brent crude futures rose 48 cents, or 0.6 percent, to $ 87.99 a barrel by 1245 GMT, after rising 1.2 …