Oil, Crude, trading
Read More »GBP/JPY: Trying in The Positive Direction 10/1/2022
The positive attempts of the pound against the Japanese yen continue after it managed to benefit from the 156.50 support level, to reach its highest level during today’s session at 157.30. On the technical side, we tend to be positive, but with caution, relying on the stability of trading above …
Read More »The Canadian Presses For Support 10/1/2022
We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, clarifying that the bearish trend depends on confirming the break of 1.2700 to target 1.2630. As a result, the pair recorded its lowest price at 1.2630. Technically, the bearish technical structure shown on the 240-minute …
Read More »Sterling Struggles to Break Through Resistance 10/1/2022
Oil, Crude, trading
Read More »Oil May Witness a Downward Trend 10/1/2022
Oil, Crude, trading
Read More »Gold Faces Negative Pressure 10/1/2022
Gold prices succeeded in touching the first official target published during the last analysis at 1781, recording its lowest level at the end of last week’s trading of 1782. On the technical side, gold’s current moves are witnessing stability below the previously broken support-into-resistance level 1797, 50.0% Fibonacci correction as …
Read More »Euro is in a Sideways Range 10/1/2022
Positive trading dominated the euro against the US dollar, but it is still limited within a sideways range between the support level of 1.1300 and below the main resistance level of 1.1380. Technically, looking at the 4-hour chart, we notice that the price is moving above the 50-day moving average, …
Read More »German Dax Presses Support 7/1/2022
Negative trading dominated the movements of the German DAX index after it found a strong resistance level around 16,140, which forced it to trade negatively again and hover around its lowest level during the early trading of the current session 15,970. On the technical side, the bearish bias may be …
Read More »Dow Jones Resumes Decline Ahead of US Employment Data 7/1/2022
Oil, Crude, trading
Read More »GBP/JPY: Stable Below Resistance 7/1/2022
GBP/JPY touched the mentioned bearish target during the previous report, at 156.00, recording the lowest price at 156.10. On the technical side today, despite moving above the 50-day moving average, we tend to the negativity, relying on the stability of the daily trading below the main resistance level 157.60/157.50, in …
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