Mixed trading dominated the movements of the euro against the US dollar at the end of last week’s trading, within a bearish tendency, recording its lowest level near the pivotal support level 1.2100. Technically, the pair bounced today, benefiting from the mentioned support level, within the context of retesting the …
Read More »German DAX Retest Support
The German DAX index found a good support level around 15,460, where the current movements of the index are witnessing an upward bias targeting a retest of 15,700. On the technical side today, we find that the RSI continues to provide positive signals over the short term, accompanied by stabilizing …
Read More »Dow Jones Awaits New Orders Ahead of US Data
The Dow Jones Industrial Average declined on Wall Street yesterday, nullifying the positive outlook as we expected. We indicated during the previous analysis that activating the bullish scenario depends mainly on the stability of trading above 34,500, and breaking the mentioned level puts the index under negative pressure, targeting 34,420/34,410 …
Read More »GBP/JPY:ِ Tends to The Downside
Sideways trading in a narrow range, constrained between 155.20 and 155.80 without any significant change. On the technical side today, and with a careful look at the 60-minute chart, we are inclined to the negativity, but with caution, relying on the intraday stability below 155.80, accompanied by the clear negativity …
Read More »Canadian Dollar: Achieves Noticeable Gains Within The Bullish Corrective Slope
The Canadian dollar was able to build on the pivotal support floor located at the price of 1.2030 to return to trading within the suggested bullish corrective slope during the previous analysis, in which we relied on breaching 1.2070, touching the first target of 1.2100, heading to visit the second …
Read More »GBP/USD Touches Goals and Negativity Remains
Oil, Crude, trading
Read More »Crude Oil May Witness a Temporary decline
Oil, Crude, trading
Read More »Gold Gives up Gains, Eyes on US Jobs Data
Gold prices achieved noticeable losses during the previous trading session after it failed to maintain trading above the 1895 level, explaining that the confirmation of breaking the mentioned level is able to pressure gold prices to visit our official target located at 1880 to record its lowest level at 1856 …
Read More »The Euro Breaks Support And Bearish Correction is Extended
The single European currency declined noticeably against the US dollar within the expected bearish path during the previous analysis, in which we relied on confirming the breach of the 1.2170 level, continuing the gradual decline to the downside, recording the lowest level at 1.2112. Technically speaking, and with the pair’s …
Read More »German Dax Maintains The Upward Trend
The positive attempts of the German DAX index continue and tend to positivity recording a high of 15626. The daily trend is bullish as a result of the stability of the intraday trading above 15,550 and in general above the support floor of 15,500. The 50-day moving average still holds …
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