The German DAX index managed to touch the first target that is required to be achieved during the previous technical report, located at the price of 15,595, to record its highest level at 15,611. Today’s technical aspect indicates the possibility of continuing the rise, relying on the stability of the …

Oil, Crude, trading

Mixed trading dominated the movements of the pound sterling against the Japanese yen within a limited bullish bias, benefiting from retesting the support level of 153.80. On the technical side, we tend to be positive but cautiously, relying on the positive crossover signs that started appearing on Stochastic. Therefore, the …

Positive attempts dominated the Canadian dollar’s movements during yesterday’s trading session, within the bullish context, as we expected, recording its highest level at 1.2340. Technically, the Canadian starts with a slight bullish bias, trying to retest the previously broken support, which is now turned to the 1.2330 resistance level, 50.0% …

Oil, Crude, trading

Oil, Crude, trading

For the third consecutive session, gold prices fail to stabilize above the pivotal resistance level published in the previous analysis, located around 1880/1882, which forced the price to trade negatively again within the bearish context. On the technical side, today, and carefully looking at the 240-minute chart, we find the …

The technical outlook is unchanged and the pair’s movements have not changed significantly, maintaining the negative stability. Technically, we are inclined towards negativity in our trading, relying on the negative pressure coming from the 50-day moving average, in addition to the clear negative signs on the stochastic indicator. From here …

Durable Goods Orders in the United States rose by 2.3%, or $5.7 billion, to $253.5 billion in May, the data published by the US Census Bureau revealed on Thursday. This reading came in weaker than the market expectation for an increase of 2.7% and followed a 0.8% decline recorded in …

There were 411,000 initial claims for unemployment benefits in the US during the week ending June 19, the data published by the US Department of Labor (DOL) showed on Thursday. This reading came in weaker than the market expectation of 380,000 and followed the previous print of 418,000.