As was expected during the previous analysis, the Canadian dollar touched the first bearish target at 1.2560, recording the lowest price at 1.2542. Technically, the pair’s current moves are witnessing bullish rebound attempts, benefiting from the intraday stability above 1.2560, accompanied by clear positive signs on the 14-day momentum indicator …
Read More »British Pound retests support 24/3/2022
Oil, Crude, trading
Read More »Gold build on support 24/3/2022
We adhered to intraday neutrality during the technical report yesterday due to the conflicting technical signals, explaining that we are waiting to confirm the break of 1925 or 1942, so that gold prices will witness a bullish tendency after it succeeded in attacking the 1942 resistance approaching the first target …
Read More »The euro is moving in a negative direction 24/3/2022
Slow sideways movements tend to dominate EUR/USD negatively, and the intraday movements are still stable below the resistance level 1.1060/1.1050, unable to break it. Technically, despite the pair’s attempts to achieve some bullish bounce, we still believe that the bearish trend is the most likely, relying on the stability of …
Read More »German Dax Trying to Recover 23/2/2022
Positive trading dominates the movements of the German DAX index, recording its highest level during the early trading of the current session, around 14,540. On the technical side today, the index was able to build for the moment on the support floor of 34,370, as we find the 50-day moving …
Read More »Dow Jones continues to make gains 23/3/2022
Oil, Crude, trading
Read More »The Canadian is Moving Downwards 23/3/2022
The Canadian dollar did not change much, maintaining the downside path after failing to retain trading above the 1.2595 level. Technically, and by looking at the 240-minute chart, we notice that the pair started to pressure the 1.2585 support level accompanied by the continuation of the negative pressure coming from …
Read More »British Pound Rallies Strongly 23/3/2022
Oil, Crude, trading
Read More »Gold Trying to build on Support 23/3/2022
The intraday movements of gold prices witnessed a bearish tendency during the previous trading session, within the expected bearish path, in which we relied on confirming the breach of the 1925 support level to visit 1908, recording the lowest level at 1910. On the technical side, gold prices are witnessing …
Read More »The Euro Building on Support 23/3/2022
The eurodollar achieved the first target published during the previous technical analysis at 1.0960, recording the lowest price at 1.0960, returning to the limited bullish bounce, building on support level. It is now hovering around the 1.1030 level. Technically, despite the slight bullish bias, we still believe that the bearish …
Read More »