Oil, Crude, trading
Read More »Gold prices in a difficult situation 8/8/2022
The negative performance of gold prices at the end of last week’s trading resulted from the US dollar gaining positive momentum after the US jobs data exceeded expectations, reaching its lowest level at 1765, recording the highest near 1794. Today’s technical vision indicates the possibility of resuming the decline, based …
Read More »Euro faces selling pressure 8/8/2022
The single European currency ended its weekly trading with a decline with the rise of the US dollar, which received support from the positive US employment data, as the EUR/USD pair recorded as low as 1.0140. Technically, by carefully looking at the 240-minute chart, we notice the price stability below …
Read More »Dow Jones repeats the upside ahead of US data 5/8/2022
Oil, Crude, trading
Read More »GBP/JPY: may witness a temporary rise 5/8/2022
GBP/JPY was able to achieve the bearish targets within the expected negative outlook during the previous analysis, touching the second leg of 161.50, and recording the lowest 161.10 On the technical side today, and with a closer look at the 60-minute chart, we find signs of positivity starting to appear …
Read More »CAD tests resistance for the third consecutive session 5/8/2022
The loonie’s movement has changed little and is still hovering below the pivotal resistance level 1.2880 that it has been unable to breach. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average for the bearish bias, which is exerting negative pressure on the …
Read More »GBP is looking for a clearer path 5/8/2022
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
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