The euro is quietly trading on the positive side against the US dollar within the expected bullish path mentioned in the previous analysis, touching the first target required to be achieved 1.1820. On the technical side today, we tend to the positive, relying on the pair’s continuing positive stimulus from …
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The German DAX index made positive attempts, benefiting from stability above the intraday support floor of 15,800. Technically, we tend to the positivity, relying on the stability of trading above the mentioned support, accompanied by the positive motive of the 50-day moving average. Therefore, the bullish bias is likely today, …
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Oil, Crude, trading
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Sideways trading tends to be positive, confined from the downside, above the support level of 150.50 and below the resistance level of 151.50. On the technical side, today we tend to the negativity, but with caution, relying on the stability of trading below 151.50, accompanied by the negativity coming from …
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The Canadian dollar found a strong resistance near 1.2720, which forced it to trade negatively again, approaching a retest of the pivotal support level 1.2580, to record its lowest level at 1.2600. Technically, and by looking at the 4-hour chart, we find the 50-day moving average starting to pressure the …
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Oil, Crude, trading
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Oil, Crude, trading
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The prices of the yellow metal jumped on Friday, supported by the statements of the Federal Reserve Chairman last Friday, to be able to breach the resistance level of 1799, heading towards touching the previous target mentioned in the previous report, at 1820. Today’s negative view indicates the possibility of …
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The euro witnessed positive trading at the end of last week, supported by the decline of the US dollar to end its trading above 1.1770/1.1780. Technically, and carefully considering the 4-hour chart, we find the simple moving averages returned to hold the price from below, supporting the end of the …
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Negative trading dominated the movements of the German DAX index after it found a strong resistance around 15,930 to witness the current movement’s pressure on the 15,830 support level. On the technical side, the 50-day moving average pressures the price from the top, accompanied by the stability of the RSI …
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