The German DAX index managed to achieve good gains during the first trading sessions of this week, recording its highest level around the strong resistance level 16060. On the technical side, we are inclined in our trading to the negative, relying on the stability of the intraday trading below the …
Read More »Dow Jones May Witness Downside Moves
Oil, Crude, trading
Read More »GBP/JPY: Facing Negative Pressure
Negative movements dominate the pound’s movements against its Japanese counterpart within the expected bearish path towards our targets. On the technical side, we are inclined in our trading to the negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, which continues the negative pressure …
Read More »The Canadian Unchanged
The technical outlook is unchanged, and the movements of the Canadian dollar did not change significantly, trying to maintain the bullish corrective path, stable intraday above 1.2400, and in general above 1.2370, the 61.80% Fibonacci correction as shown on the chart. Technically, the stochastic is trading with negativity, and the …
Read More »Sterling Retests Resistance
Oil, Crude, trading
Read More »Oil is Trying to Regain The Bullish Trend
Oil, Crude, trading
Read More »Gold is Gradually Rising
The technical outlook is unchanged, and there was little change in the yellow metal after it succeeded in stabilizing above the psychological barrier of 1800 within an ascending path, approaching a few points from the target published in the previous analysis at the price of 1830, recording its highest level …
Read More »Euro Retests Resistance
The single European currency started its first weekly trading within a slight bullish slope within attempts to recover. However, it is still limited, building on the 1.1520 support floor, trying to retest 1.1610/1.1600. Technically, by looking at the chart, we notice the price’s attempts to move above the 50-day moving …
Read More »Market Drivers – European Session 08-11-2021
The European session was largely quiet on Monday. Stock futures were mixed in early morning trading after US market indices closed at record levels on Friday after better-than-expected non-farm payrolls report for October. Futures on the Dow Jones Industrial Production Index rose 85 points, while the S&P 500 Index settled, …
Read More »Dubai TV Interview, Nov. 8, 2021
In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. USD Hashad pointed out that last week was one of the most critical weeks ever in November, as there were major statements from the Central Banks, most …
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