Remarkably positive trades dominated the movements of the euro-dollar pair within the positive technical outlook, as we expected during the previous report, touching the required targets at 1.1100, close by a few pips to the main target 1.1160, recording its highest level at 1.1148. Technically, and with a closer look …
Read More »Nasdaq is looking for additional momentum 12/7/2023
Oil, Crude, trading
Read More »CAD pressure support 12/7/2023
The bullish tendency of the Canadian dollar stopped after it hit a strong resistance level around 1.3300, recording its highest level at 1.3290, to start the bearish trend controlling the pair’s movements again, and it is currently trading around its lowest level during today’s morning trading at 1.3200. Technically, and …
Read More »GBP advancing against USD 12/7/2023
Oil, Crude, trading
Read More »Oil is getting positive signals 12/7/2023
US crude oil futures prices jumped to achieve noticeable gains yesterday to start attacking the psychological resistance level of 75.00%, recording its highest level during the morning trading of the current session at $75.10 per barrel. Technically, we are positive depending on the price’s consolidation above the strong support floor …
Read More »Gold is waiting for a stronger trend 12/7/2023
Gold prices witnessed an upward trend during the previous trading session as part of the continuation of the positive attempts to stabilize above the 1930 level, explaining that the price’s consolidation, at least an hourly candle above the 1930 level, can consolidate gold’s gains towards 1945, recording the highest $1941 …
Read More »Euro continues to rally against USD 12/7/2023
The euro traded positively against the US dollar during the previous trading session after it confirmed the breach of the 1.0940 resistance level to start attacking the psychological barrier of 1.1000, recording its highest level at 1.1033. On the technical side today, and by looking closely at the 240-minute chart, …
Read More »Dow Jones faces negative pressure and eyes on employment data 7/7/2023
Oil, Crude, trading
Read More »CAD extends its gains 7/7/2023
As we expected, the Canadian dollar made significant gains yesterday, touching the required profit-taking areas at 1.3365, recording its highest level at 1.3372. From the point of view of technical analysis today, and by looking at the 4-hour chart, we find that the 14-day momentum indicator continues to defend the …
Read More »GBP is waiting for a stronger signal 7/7/2023
Oil, Crude, trading
Read More »