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Read More »GBP sees a technical structure that supports the decline 16/8/2022
Gold finds selling pressure and is still hovering around the support 16/8/2022
Negative pressure was experienced by the yellow metal prices at the beginning of this week’s trading, after it recorded its highest level during last week’s trading at around $1800 per ounce, to find a strong selling area that forced it to trade negatively. On the technical side, gold is now …
Read More »Euro confirms breaking the support 16/8/2022
The euro started its first weekly trading with a noticeable decline against the US dollar after it found a pivotal resistance level of 1.0350 that forced it to decline, confirming the breach of 1.0275, and then 1.0200, recording its lowest level yesterday at 1.0147. Technically and carefully looking at the …
Read More »Dow Jones maintains its gains 12/8/2022
Oil, Crude, trading
Read More »GBP/JPY: repeats the chances of rising 12/8/2022
Mixed trading dominated the movements of GBP/JPY during the previous trading session to return to the positive range, building on the support level of 161.80. On the technical side, the current moves are witnessing a slight bullish bias as a result of the intraday stability above 161.60, accompanied by the …
Read More »CAD touches the descending goal and confirms the break 12/8/2022
The Canadian dollar succeeded in achieving the negative outlook as we expected during the previous analysis, touching the first target to be touched at 1.2720, recording the lowest level at 1.2725. Technically, and with the pair’s success in breaking the support line as shown on the 4-hour chart, the pair’s …
Read More »GBP facing negative pressure, eyes on GDP 12/8/2022
Oil, Crude, trading
Read More »Gold is trying to maintain the gradual upward trend 12/8/2022
The technical outlook is unchanged, and there was no change in the gold’s movements, maintaining positive stability within the gradual bullish slope, recording its highest level around the psychological barrier of $1800 per ounce. Technically, and carefully looking at the 4-hour chart, we notice the price stability above the 50-day …
Read More »Euro settled below resistance 12/8/2022
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 …
Read More »Dow Jones achieves remarkable gains 11/8/2022
Oil, Crude, trading
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