The support levels published during the previous analysis, represented by our required target of 15,480, were able to limit the bearish bias, which forced the German DAX to trade positively, benefiting from touching our awaited target. Technically, we find the 50-day moving average that supports the rise, in addition to …
Read More »The Dow Jones Repeats Its Attempts
Oil, Crude, trading
Read More »GBP/JPY: Tends to Negativity
The pound fell against the yen noticeably during last Friday’s trading, canceling the positive outlook as we expected, retesting the psychological support level of 156.00. On the technical side, today, we are inclined to the negativity, relying on the stability of the intraday trading below the minor resistance level at …
Read More »The Canadian May Witness a Slight Upward Correction
The Canadian dollar benefited from the 1.2330 support level, which formed a good floor that helped the pair rebound to the upside to retest the 1.2410 resistance level within a positive slope that is still limited. Technically, we notice the return of the 50-day moving average still holding the price, …
Read More »The British Pound is Losing Bullish Momentum
Oil, Crude, trading
Read More »Oil is Witnessing Negative Pressure
Oil, Crude, trading
Read More »Gold is Facing Selling Pressure
Negative trading dominated gold prices last week in the previous trading session after it failed to maintain stability above the 1799 resistance level, forcing it to trade negatively again. Technically, we tend to the negativity, according to the stability of trading below 1799, the main resistance represented by the 50.0% …
Read More »The Euro Breaks The Support
We adhered to intraday neutrality at the end of last week’s trading due to the conflicting technical signals, explaining that we are waiting for the price behavior of the euro around the 1.1690 resistance level. Activating the selling positions depends on the decline below the 1.1640 support level, and breaking …
Read More »Weekly Recap 25-29 Oct
Wall Street The US stock market hit another round of record highs on Friday, as Wall Street appears to have overcome disappointing results from major companies to conclude its best month of the year. The S&P 500 rose 0.19% to close at 4,605.38, the Dow Jones Industrial Average rose 0.25% …
Read More »Market Drivers – European Session 29-10-2021
The European session was packed with data from Europe and the US, here’s a summary of today’s drivers The US dollar index, which measures its performance against a basket of six major currencies, rose 0.25% to 93.58 points, moving away from its lowest level recorded yesterday at 93.277 points, the …
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