The positive attempts of the euro against the US dollar continue, and the positivity is still limited, to find the pair unable to consolidate above the strong resistance level at 1.0350, which constitutes the key to protecting the bearish trend. Technically, we are inclined towards a bearish bias in the …
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Oil, Crude, trading
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The pound declined against the yen within the expected negative outlook during the last analysis, touching the official target at 161.90, to record its lowest level at 161.70. On the technical side, today, we find the pair hovering around the 50-day simple moving average, trying to stabilize above, as we …
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The Canadian dollar declined significantly to start moving within the official descending path after it failed to stabilize for a long time above the resistance level of 1.2880. We mentioned during the previous report that the pair’s failure to maintain trading above 1.2850 renewed the chances of falling to visit …
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Oil, Crude, trading
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Gold prices achieved the bullish target posted during the previous analysis, at 1808, recording its highest price of 1808 after the US inflation data. Technically, and by carefully looking at the 4-hour chart, we notice the price stability above the 50-day simple moving average. In addition, we see the precious …
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The positive attempts of the euro against the US dollar continue, and the positivity is still limited, to find the pair unable to consolidate above the strong resistance level at 1.0350, which constitutes the key to protecting the bearish trend. Technically, we are inclined towards a bearish bias in the …
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Oil, Crude, trading
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Trading tilted to the positive within the expected bullish path yesterday so that GBP/JPY could touch the first target of 163.75, recording its highest level at 163.5. On the technical side today, we tend to decline in our intraday trading, based on the clear negative signs on stochastic, in addition …
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The Canadian dollar is trying to obtain some strength, cancelling yesterday’s decline view. We relied on trading stability during the European session, below 1.2880, to record its highest level at 1.2905. Technically, we find the pair succeeded in relying on the bullish trend support line represented by the price of …
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