Cryptocurrencies tumbled Monday as China’s crackdown on bitcoin mining activity spilled over into Sichuan Province. Bitcoin fell to as much as 32,288 dollars for the first time since June 8, and it was in the latest trading, down 7.9% at about 32,781 dollars. Its smaller peer, Ethereum, fell below $2,000 …

The Dow Jones Industrial Average incurred noticeable losses, negates the bullish corrective path as we expected, touching the stop losses order published in the previous analysis at 33,650. On the technical side, we tend to negativity, based on the stability of the RSI below its mid-line 50, coinciding with the …

Negative trading dominated the pound sterling against the Japanese yen, as we expected touching the second target to be achieved during the last report, located at 151.90, recording the lowest price of 151.97. On the technical side, today we are inclined in our trading to the negative, relying on the …

A noticeable bullish push for the Canadian dollar achieved strong gains within the bullish corrective slope, as we expected during the previous analysis, touching the required official target of 1.2465, recording the highest price at 1.3481. Technically, the bullish trend is still a valid scenario, with the pair’s success in …

Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis, explaining that resuming the decline requires stability below 1800, in addition to confirming the break of 1768, so that gold managed to approach the desired target 1759, recording its lowest level at 1760. Today’s technical outlook indicates the possibility of continuing …

The bearish wave is still dominating the euro against the US dollar after slight positive movements through which the pair returned the previously broken support level 1.1880/1.1890. Technically, the bearish trend is still a valid and effective scenario, as a result of the pair continuing to obtain negative pressure coming …

OPEC sources said that OPEC officials have heard from industry experts that US oil production growth will likely remain limited in 2021 despite higher prices, giving the organization more leverage to manage the market in the short term before a possible strong increase in shale crude production in 2022. Officials …

Gold prices rose today, Friday, by 1%, as the pause in the dollar’s rise to catch its breath compensated for some of its large losses driven by the US Federal Reserve’s shift towards a monetary tightening tone. Spot gold rose 1.1% to $1,792 an ounce but fell 4.5% for the …