The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining negative stability after failing to achieve a daily closing above the resistance of the psychological barrier of 1.3500. From a technical point of view, today, we notice the continuation of the clear negative crossover signs on …
Read More »GBP returns to negativity 5/6/2023
Oil, Crude, trading
Read More »Oil starts trading on a bullish price gap 5/6/2023
US crude oil futures prices achieved noticeable gains within the bullish track, as we expected, in which we relied on breaching 71.55, surpassing the required target of 73.10, and recording a high of 74.92. Technically, oil prices opened their first weekly trading on an ascending price gap to record the …
Read More »Gold is squandering its gains, and negative pressure is in place 5/6/2023
Gold prices fell at the end of last week’s trading to give up their intraday gains as a result of the rise in the US dollar after the US jobs data, which came in better than expected, witnessed the lowest level at $1944 per ounce, after recording the highest at …
Read More »Euro is stable below resistance 5/6/2023
The bearish trend regained control of the EUR/USD pair after the US dollar received positive momentum after the US jobs data came in better than expected. On the technical side today, by looking at the 240-period chart, the current movements of the pair stabilize below the main resistance level of …
Read More »Dow Jones is surging ahead of the jobs data 2/6/2023
Oil, Crude, trading
Read More »CAD confirms the break 2/6/2023
Negative trades dominated the Canadian dollar within the expected bearish path after it failed to maintain its positive stability above 1.3550, surpassing the bearish targets that should have been touched at 1.3500, recording its lowest level at 1.3427. From a technical point of view, today, with the pair’s success in …
Read More »GBP confirms the breakout of the resistance 2/6/2023
Oil, Crude, trading
Read More »Oil is trying to form a bullish wave 2/6/2023
After several successive sessions of sharp decline, an upward trend returned to control the movements of US crude oil futures yesterday to establish a good support base of around 68.40. Technically, we tend to rise during the day, relying on trading remaining above the support above 68.40, accompanied by the …
Read More »Gold is trying to climb; does it touch $2,000, focus on US jobs data 2/6/2023
We adhered to intraday neutrality over the past two sessions due to the conflicting technical signals, explaining that we are waiting for the pending orders to be activated by breaking 1945 or breaching 1977, so that gold movements witnessed an upward trend during yesterday’s session to start activating the awaiting …
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