The Japanese Nikkei index closed at its lowest level in nearly eight months on Friday, led by the decline in shares of automakers and related sectors due to growing concern about the recovery after Toyota cut its global production. The Nikkei index fell 0.98 percent to close at 27,013.25 points, …

Negative trading dominated the German DAX index during the previous session, recording its lowest price at 15,613. On the technical side today, the bearish trend still dominates the indicator, and the simple moving averages still support the bearish trend of prices. With intraday trading stability below the resistance level of …

Oil, Crude, trading

The British pound continues to decline against the Japanese yen, after failing to maintain its stability above 150.50, heading towards touching the bearish target published during the previous report at 149.50. On the technical side, we tend to the negative side, relying on the negative pressure coming from the simple …

As we expected, the Canadian dollar consolidated its gains within a strong bullish trend, touching all the targets, reaching the required official station 1.3830, recording its highest level at 1.2865. Technically, we tend in our trading to the positive, relying on the positive stimulus coming from the 50-day moving average, …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged, and there has been little change in gold’s movements. Although, technically, gold begins its morning trading on a bearish slope and shows intraday stability below 1790, the 50-day moving average still holding the price from below, supporting the return of the bullish bias. To negative …

The euro hit the resistance level at 1.1720, continuing the gradual decline against the US dollar within the expected bearish PATH, recording its lowest price during the previous trading session at 1.1665. On the technical side, the 50-day moving average is still putting pressure on the price, in addition to …

USD/JPY rose to a one-week high of 110.22 on Thursday but is having trouble maintaining bullish momentum, the pair was little changed on a daily basis at 109.72. The sharp decline in the major European stock indices drove the demand for the Japanese yen on Thursday due to risk aversion …