European shares rose, as investors sought safety in defensive sectors such as utilities and real estate on persistent concerns that the spread of mutated strains of the coronavirus would undermine the global economic recovery. The pan-European Stoxx 600 index rose 0.2%, extending gains after a strong recovery on Friday. Utilities, …

Japanese stocks recovered today thanks to cyclical stocks, with renewed hopes for a quick economic recovery, while Yaskawa Electric shares jumped after raising expectations for annual profits. The Nikkei index rose 2.25% to close at 28569.02 points, while the broader Topix index advanced 2.14% to 1953.33 points. The two indices …

The German DAX index found a solid support floor around the support level published during the previous analysis, located at 15,440, which we mentioned as being the key to protecting the bullish trend. On the technical side, we are inclined to the positivity based on the positive signals coming from …

Oil, Crude, trading

A noticeable rally for the British pound against the Japanese yen after finding a solid support floor around the 151.20 level. On the technical side today, and by looking at the 60-minute chart, we find the 50-day moving average that supports the bullish curve, and this comes in conjunction with …

The movements of the Canadian dollar witnessed a bearish tendency during the trading session last Friday, after several consecutive sessions of rising to hit the 1.2500 resistance level. Technically, despite the bearish bias, we believe that it is still limited, as we find the price is still stable above the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to successfully retest the support level at 1797, within attempts to rebound upwards, to record its highest level during the previous trading session at 1812. On the technical side, trading today remains stable above 1797, 50.0% Fibonacci correction that supports the possibility of a rise, as we …

EURUSD is seeing attempts to rally after it found a good support floor near 1.1780 and despite the rallies, we think it is still limited. Technically, by looking at the 4-hour chart, we find that there is a conflict between the positive motive coming from the 50-day moving average, which …