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Oil, Crude, trading
Read More »GBP continues to suffer losses 23/9/2022
Oil tends to fall 23/9/2022
Negative trading has regained control over the price movements of US crude oil futures after it failed to stabilize for a long time above the 85.00 barriers, recording its lowest level at 82.45. Technically, by looking at the chart, we find the simple moving averages continuing the negative pressure on …
Read More »Gold needs a new signal 23/9/2022
The solid resistance levels mentioned during yesterday’s technical report, located at 1680, could limit the bullish bias that occurred during the previous session to make gold fail, explaining that it represents the key to protecting the bearish trend. Technically, the current moves are witnessing stability below 1680, accompanied by the …
Read More »Euro Hits resistance and negative pressure remain 23/9/2022
The resistance levels published during the previous analysis, at 0.9900, managed to limit the temporary rise witnessed by the EUR/USD pair yesterday, to return to trading negatively within the expected bearish path. On the technical side, and carefully looking at the 240-minute chart, we find a bearish technical structure that …
Read More »Dow Jones continues to lose and breaking 30,000 will add to the downside wave 22/9/2022
Oil, Crude, trading
Read More »CAD continues to break the tops 22/9/2022
The Canadian dollar continues its sharp successive rise within the expected bullish context, surpassing the first target required to be achieved at 1.3425, recording its highest level at 1.3532 during the early trading of the current session. From the technical analysis point of view, the pair succeeded in breaching the …
Read More »GBP surrenders against USD, all eyes on BoE 22/9/2022
Oil, Crude, trading
Read More »Oil: Negative pressure Remains 22/9/2022
As we expected, US crude oil futures prices achieved a strong decline yesterday within the bearish directional movement, touching the first official target of the previous report at 82.65, recording the lowest price at 82.44. Technically, the regularity of movement within the descending price channel supports the continuation of the …
Read More »Gold continues to decline 22/9/2022
Gold prices reached the first bearish target at 1656 and approached by a few points at the next target, 1650, recording its lowest level of $ 1653 per ounce. Prices showed mixed trading after touching 1653, resuming the bullish intraday bounce to retest the 1686 resistance level and fail to …
Read More »Euro continues to suffer losses 22/9/2022
A strong bearish trend dominated the euro’s movements against its US counterpart within the expected negative outlook during the previous analysis, touching all the required bearish targets to reach the last target of 0.9835, recording its lowest level at 0.9807 during the morning session of the current session. On the …
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