The German DAX index starts its first weekly move on an upward slope after it managed to build on the support of 15,850, to reach its highest level at 16,050. On the technical side, today we tend to the positivity, but with caution, relying on the positive motive of the …

Oil, Crude, trading

The positive attempts of the pound against the Japanese yen continue after it managed to benefit from the 156.50 support level, to reach its highest level during today’s session at 157.30. On the technical side, we tend to be positive, but with caution, relying on the stability of trading above …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, clarifying that the bearish trend depends on confirming the break of 1.2700 to target 1.2630. As a result, the pair recorded its lowest price at 1.2630. Technically, the bearish technical structure shown on the 240-minute …

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in touching the first official target published during the last analysis at 1781, recording its lowest level at the end of last week’s trading of 1782. On the technical side, gold’s current moves are witnessing stability below the previously broken support-into-resistance level 1797, 50.0% Fibonacci correction as …

Positive trading dominated the euro against the US dollar, but it is still limited within a sideways range between the support level of 1.1300 and below the main resistance level of 1.1380. Technically, looking at the 4-hour chart, we notice that the price is moving above the 50-day moving average, …

The last trading week ended with a decline in the US dollar as risk appetite improved with optimism around Omicron, in addition to data out of the USA. As a result, the dollar index, which measures the strength of the US currency against a basket of currencies, fell to 95.7. …

The Canadian economy added 54.7K jobs in the month of December, above expectations for a 27.5K gain, though still a marked deceleration from the 153.7K jobs added in November, according to the latest release from Statistics Canada released on Friday. Canada saw 122.5K new jobs in full-time employment, whilst part-time …