Gold prices experienced narrow-range sideways movement yesterday, maintaining the existing technical outlook. The price of gold remains confined above 1977 from the bottom and below 1993 from the top. Upon examining the 240-minute timeframe chart, it is evident that the price has remained stable below the 1992 resistance level. Additionally, …
Read More »The Euro Gains Ground Against the Weakening Dollar 3/11/2023
In our previous technical report, we maintained a neutral stance due to conflicting signals. We emphasized that activating buying positions hinged on the EUR/USD pair breaking the psychological barrier resistance level of 1.0600, targeting 1.0670 and 1.0670, achieving these targets and reaching its peak at 1.068. Technically, today we are …
Read More »Nasdaq starts positive 2/11/2023
Oil, Crude, trading
Read More »Dow Jones achieves the desired goal 2/11/2023
Oil, Crude, trading
Read More »CAD presses support 2/11/2023
Mixed trading characterized the movements of the Canadian dollar, managing to reach the initial upward target at 1.3900 in today’s trading session. From a technical perspective, the psychological barrier resistance at 1.3900 created negative pressure, leading the pair to retest the support level at 1.3830, where it stabilized. Upon closer …
Read More »USD/JPY awaits pending orders 2/11/2023
japanese-yen
Read More »GBP starts positive ahead of BoE decisions 2/11/2023
Oil, Crude, trading
Read More »Oil: Negative pressure remains 2/11/2023
During the previous trading session, US crude oil futures exhibited mixed movements amid varied trading patterns. The prices briefly touched the stop losses mentioned in the previous report at $82.70, reaching a peak at $83.40. However, this level acted as a robust resistance, prompting a decline and causing oil to …
Read More »Gold requires careful consideration 2/11/2023
The formidable resistance level identified in the previous analysis at $1991 exerted significant downward pressure on gold prices, causing it to trade negatively and ultimately break the $1977 mark. Gold came within a few points of reaching the initial target of $1967, reaching its lowest point at $1969 per ounce. …
Read More »Euro is waiting for a signal 2/11/2023
The EUR/USD pair reached the initial bearish target set in the previous technical report at 1.0530, hitting its lowest point at 1.0515. Regarding technical analysis today, the pair experienced an upward rebound after approaching the psychological support level of 1.0500. This led to a retest of the 1.0600 resistance, around …
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