Oil, Crude, trading
Read More »Gold hits target, eyes on data 5/8/2022
Gold prices continued to rise gradually to the upside, as we expected, heading to touch the official target station yesterday at 1794, recording its highest level at 1794. Technically, and by looking at the 240-minute chart, we find the 50-day simple moving average that enhances the chances of rising, in …
Read More »Euro Touches the target 5/8/2022
A positive trading session witnessed the movements of the euro against the US dollar within the expected bullish bias during the previous analysis, touching the retest target that is required to be achieved over the short time intervals at 1.0210, recording the highest level at 1.0253. Technically, we find the …
Read More »Dow Jones builds on support 4/8/2022
Oil, Crude, trading
Read More »GBP/JPY: the decline continues 4/8/2022
Positive trading dominated the movements of GBP/JPY, cancelling the expected negative outlook during the previous report, in which we relied on the price stability below 162.00. The consolidation above the mentioned level leads the pair to recover temporarily, with a target of 162.90 to record its highest level at 163.06, …
Read More »CAD faces strong resistance 4/8/2022
For the third session in a row, the Canadian dollar hits the strong resistance level published during the week at 1.2885, which forced it to trade negatively, maintaining the bearish context as we expected. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average …
Read More »GBP trades cautiously ahead of BoE decision 4/8/2022
Oil, Crude, trading
Read More »Gold is looking for momentum 4/8/2022
The yellow metal did not show much change during the last trading session within a sideways range, through which it succeeded in intraday stability above the 1760 support level and in general, above 1750; the price is now hovering near its highest level during the morning trading around 1770. Technically, …
Read More »Euro is looking for a destination 4/8/2022
We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, in addition to the limited trading between the daily trend keys published yesterday, explaining that activating the short positions as soon as 1.0150 is broken, targeting 1.0120, to record the pair’s lowest level at 1.0118. …
Read More »Dow Jones experiences temporary negative pressure 3/8/2022
Oil, Crude, trading
Read More »