The German DAX index found a strong resistance level around 15590, which forced it to trade negatively from retesting the 15و470 support level and hovering around this level with the opening of the first weekly sessions. Technically, we notice the clear negative signs on Stochastic, which started to lose the …

Oil, Crude, trading

Negative trades dominated the GBP/JPY, within the bearish correction as expected, touching our target at 156.00, recording the lowest level at 155.93. Technically, we tend to be negative, relying on trading below 156.50 level, accompanied by the RSI gaining more bearish momentum over the short time frames. Therefore, we are …

The pivotal support level mentioned in the previous analysis managed to limit the bearish tendency seen in CAD during the past week, to cap the bullish bounce within the expected technical outlook, through which we targeted a retest of 1.2380, recording a high of 1.2390. Technically, and by looking at …

Oil, Crude, trading

Oil, Crude, trading

Gold prices surged significantly at the end of last week’s trading, within the expected bullish path in the previous analysis, in which we relied on confirming the breach of 1789, targeting 1799 to surpass the official target station, recording the highest of 1813. Technically, by looking at the 4-hour chart, …

We remained neutral during the last report due to the conflicting technical signals, clarifying that we are waiting for one of the directional keys that continue to dominate the euro against the US dollar. We find the price range sideways to the positive throughout several consecutive sessions, confined from below, …

The S&P500 and Nasdaq were down at the opening session on Friday after chipmaker Intel warned of falling profit margins. Snap topped the losses among social media companies after reporting that digital ads had been affected by Apple’s privacy changes. The Dow Jones Industrial Average fell 4.64 points, or 0.01%, …

The economic activity in the US manufacturing sector continued to expand in October, albeit at a slightly slower pace than it did in September, with IHS Markit’s Manufacturing PMI declining to 59.2 (preliminary) from 60.7. This reading missed the market expectation of 60.3.