As we expected during yesterday’s technical report, the German DAX index declined within the bearish path, touching the first awaited target at 16,000, recording the lowest of 15,999. On the technical side, today, we are inclined to the negativity, relying on the clear negative signs on stochastic and losing the …

Oil, Crude, trading

The British Pound was little changed during the previous trading session within a sideways bearish range, confined between the support level of 152.00 and the resistance of 153.60. On the technical side, we tend to be negative, relying on the continuation of the negative pressure coming from the 50-day moving …

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 …

Oil, Crude, trading

Oil, Crude, trading

During the previous analysis, a quiet rise in gold prices within the expected bullish path, touching the first official leg of the current rally at 1830, recording its highest level at 1832. Technically, looking at the 4-hour chart, we see that the current movements are witnessing stability below the pivotal …

The resistance levels at 1.1610 constituted an obstacle for the pair to retest it successfully as we expected, and the current movements are still below it. Technically, by looking at the chart, we notice that the price stabilizes intraday below the 50-day moving average. This comes in conjunction with the …

The most prominent event during the European session was the jump of cryptocurrencies. Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of 1.3 trillion dollars, while …

The year-on-year rate of Producer Price Inflation came in at 8.6% in October, unchanged from the month prior and slightly below expectations for 8.7%, according to a report by the US Bureau of Labour Statistics. the Month-on-Monthrate of PPI rose to 0.6% in October, versus expectations for 0.5% and higher …