US crude oil futures prices extended their losses as expected, surpassing the official target station at 75.00 to a low of $73.83 per barrel. Technically, there is a clear breach of the support floor of the psychological barrier 75.00, accompanied by the continuation of the simple moving averages providing negative …
Read More »Gold may continue the corrective downward wave 23/2/2023
A bearish trend continues to control gold prices, constantly pressurized by the rise of its American rival. As a result, it is heading to touch the first official target station during the previous analysis, at 1828, recording its lowest level at $1823 per ounce. The technical analysis today indicates the …
Read More »Euro is quietly creeping against US Dollar 23/2/2023
Negative trading dominated the movements of the EURUSD pair during the previous trading session, within the expected bearish context in the last technical report, touching the first target of 1.0630, recording its lowest level near the psychological barrier of 1.0600. On the technical side today, and with a closer look …
Read More »Dow Jones suffers big losses ahead of Fed 22/2/2023
Oil, Crude, trading
Read More »CAD touches the required upward goals 22/2/2023
The Canadian dollar jumped yesterday, making significant gains, as we expected, touching the official target station during the previous analysis at 1.3530, recording the highest at 1.3550. Technically, we believe that the bullish trend is still valid and effective based on the continuation of the pair obtaining a positive impulse …
Read More »GBP breaks resistance 22/2/2023
Oil, Crude, trading
Read More »Oil is under negative pressure 22/2/2023
A downward trend dominated the price movements of US crude oil futures contracts during the previous trading session, within the path of quiet trading, and now hovering below the support level of 76.50. Technically, the 50-day simple moving average still constitutes a negative pressure factor on the price from above …
Read More »Gold is waiting for a signal to move and eyes are on the Fed 22/2/2023
Gold prices did not witness noticeable movements during the previous trading session within a narrow price range between 1843 and 1830. Technically, gold prices attempted to recover and compensate for part of their previous losses, recording a high of 1843. However, with a closer look at the 4-hour chart, we …
Read More »Euro is in a sideways path, technical conditions are unchanged 22/2/2023
The technical outlook remains unchanged, and the movements of the Euro-dollar pair did not change, within a sideways path between 1.0630 and above 1.0700. Technically, today, the euro-dollar pair is still stable below the resistance level of the psychological barrier 1.0700. However, upon closer look at the 240-minute chart, we …
Read More »Dow Jones: negative pressure in place 21/2/2023
Oil, Crude, trading
Read More »