The German DAX index opened today’s trading session with a slight bullish bias, trying to build on the strong support floor located at 15400 prices. Technically, today, we tend to the positivity, but with caution, relying on the positive motive of the 50-day moving average, which continues to carry the …
Read More »Dow Jones Maintains the Bullish Path And The Positivity Persists
Positive movements continue to dominate the movements of the Dow Jones Industrial Average in the New York Stock Exchange, recording the highest 34,561. On the technical side, today, we tend to be positive in our trading, relying on building the price above 34,40/34,410 support, which is accompanied by the index …
Read More »GBP/JPY:ِ Building on Support
Positive trading dominated the pound’s movements against its Japanese counterpart, benefiting from the 155.40 support level, to witness the current movements’ bullish bias that targeted a retest of 155.80. On the technical side today, with the pair continuing to obtain positive stimulus from the 50-day moving average, in addition to …
Read More »Canadian Dollar: Maintains Negative Stability
The technical outlook remains unchanged, and the Canadian dollar’s movements have not changed significantly, preserving the negative stability. The negativity of the stochastic indicator and the beginning of the negative pressure of the 50-day moving average supports the possibility of a decline. Therefore, we are targeting 1.2030, and we should …
Read More »The British Pound Starts Attacking The Resistance
Oil, Crude, trading
Read More »Japan’s Nikkei Closes Lower Before Important US Data
The main Japanese stock index, Nikkei, closed slightly lower on Tuesday, June 1, as investors awaited two important US economic reports, but losses were limited by hopes that the local economy would return to normal activity in light of the increase in vaccination activity despite the delay. The Nikkei index …
Read More »Oil Continues to Rise Ahead of The OPEC Meeting
Oil, Crude, trading
Read More »Gold Touches The Desired Target And Needs Additional Determination
Gold prices managed to maintain their gains within the gradual upward path, touching the first target that is required to be achieved, located at the price of 1912, recording its highest level during the early trading of the current session 1912. On the technical side today, and by looking at …
Read More »Euro Extends Gains Against Dollar
The single European currency started its first weekly trading on an upward trend after it succeeded in building a support level at 1.2170, to record its highest level during the early trading of the Asian session at 1.2236. Technically, and with careful consideration of the 4-hour chart, we find the …
Read More »The dollar is About to Lose For The Second Month Against The Euro And Sterling
The US dollar came under pressure on Monday, heading for losses against the euro and the British pound for the second consecutive month, as traders assess the consequences of higher inflation ahead of monthly jobs data later in the week. The dollar index fell 0.03% to 90.058. On Friday, data …
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