The Canadian dollar achieved the first ascending target published during the latest analysis, at 1.3325, to record the highest level at 1.3344. From the angle of technical analysis today, the Canadian dollar found a strong resistance level around the target level yesterday at 1.3325, which forced it to trade negatively …
Read More »GBP: attacks USD 20/9/2022
Oil, Crude, trading
Read More »Oil is making significant gains 20/9/2022
US crude oil futures prices succeeded in achieving the bearish target that is required to be touched during the previous analysis at 83.20, surpassing the required target, recording 81.75 during the middle of trading, before the bullish rebound that led the price towards 85.75. Technically, looking at the chart, the …
Read More »Gold: Gold: Positivity needs confirmations 20/9/2022
Bullish rebound attempts dominated gold prices yesterday, trying to establish a support level around 1665, recording the highest level of $1680 per ounce during trading last Monday. On the technical side, the 50-day SMA is still an obstacle to the price, and it is motivated by the clear negative features …
Read More »Euro: A quiet rise needs confirmations 20/9/2022
Quiet positive trades dominated the movements of EURUSD with the beginning of the first trading of the current week, to start attacking the resistance level 1.0050, building on the pivot above the parity point 1.0000. Technically, by carefully looking at the 4-hour chart, we find the 50-day simple moving average …
Read More »Dow Jones tries to consolidate within the general downtrend 19/9/2022
Oil, Crude, trading
Read More »CAD continues to rise 19/9/2022
The Canadian dollar succeeded in touching all the upside targets required last Friday at 1.3275, heading to visit the official price station at 1.3315, recording the highest level at 1.3307. Technically, we find the simple moving averages continue to hold the price from above and support the continuation of the …
Read More »GBP: continues its gradual decline 19/9/2022
Oil, Crude, trading
Read More »Crude oil tends to fall 19/9/2022
Negative trading dominated the US crude oil futures prices within the expected bearish path at the end of last week’s trading. It was heading towards the official target of 84.40, recording its lowest level of $84.30 per barrel. Technically, by looking at the 4-hour chart, we notice that Stochastic is …
Read More »Gold: Negative pressure remains 19/9/2022
Remarkable declines dominated gold prices, posting huge losses within the expected bearish trend during the last analysis, touching the official target at $1660/ounce and approaching by a few points from the second target of $1650, recording its lowest level at $1654 per ounce. On the technical side today, stochastic is …
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