We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, in addition to confining trading within an occasional path, explaining that stepping up to the resistance level of the psychological barrier 1.1000 leads the euro to visit 1.1060, to activate the pending buy order scenario, …
Read More »Dow Jones is facing negative pressure 24/4/2023
Oil, Crude, trading
Read More »CAD confirms breakout of resistance 24/4/2023
Positive trades dominated the movements of the Canadian dollar, building on the support of the psychological barrier 1.3500, to start trading today’s session on an upward slope, and hover around its highest level during the early trading of the current session 1.3560. Technically, the pair confirmed the breach of the …
Read More »GBP trying to get positive signals 24/4/2023
Oil, Crude, trading
Read More »Oil and selling pressure continues 24/4/2023
US crude oil futures prices continue to achieve losses, and oil starts with negative movements with the first trading of this week, and the current movements are witnessing stability around its lowest level during the morning trading of the current session at 78.80. Technically, prices are still operating within the …
Read More »Gold may complete the corrective decline 24/4/2023
Negative pressure continues to control gold prices within a bearish corrective tendency, after prices failed to maintain stability above the broken 1992 support, to start its first weekly trading by pressing 1972 support. Technically, and by looking at the 4-hour chart, we find that the simple moving averages continue to …
Read More »Euro is trying to break free from the sideways path 24/4/2023
Narrow sideways movements still dominate the performance of the EUR/USD pair, finding the movements confined from below the support level of 1.0945 and above the resistance level of the psychological barrier 1.1000. On the technical side today, and with a close look at the 4-hour chart, we find the simple …
Read More »Dow Jones continues its bullish impulse 14/4/2023
Oil, Crude, trading
Read More »CAD continues to bleed losses 14/4/2023
Noticeable losses continue to control the Canadian dollar’s movements within the expected bearish path during yesterday’s session, surpassing the required target at 1.341 as could continue the selling pressure towards 1.3375, recording its lowest level at 1.3330. Technically, with the pair’s failure to maintain trading above 1.3410, in addition to …
Read More »GBP facing strong resistance 14/4/2023
Oil, Crude, trading
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