US crude oil futures prices jumped to achieve substantial gains during the previous trading session, within the expected bullish context in the last technical report, touching the official target of 84.50, recording its highest level of $84.62 per barrel. Technically, by looking closely at the 4-hour chart, we find that …
Read More »Gold touches the main target and negativity remains 10/8/2023
Gold prices achieved the negative outlook as we expected, reaching the main target during the previous trading session at $1913 per ounce. Technically, and by looking at the 4-hour chart, we find the stochastic indicator around the intraday overbought areas, and we notice the continuation of the negative pressure coming …
Read More »Euro is in a sideways range, and breaking the support reinforces the decline 10/8/2023
Narrow sideways trading dominates the movements of the Euro-dollar pair for the third consecutive session, confined from the bottom above 1.0955 and the top below 1.1000. Technically, we find the level of 1.0955 forming a support level represented by Fibonacci correction 50.0%, which was able to limit the bearish slope. …
Read More »Nasdaq hits the desired target 9/8/2023
Oil, Crude, trading
Read More »Dow Jones is looking for opportunities to rise 9/8/2023
Oil, Crude, trading
Read More »CAD continues to achieve bullish goals 9/8/2023
As we expected, the Canadian dollar jumped to achieve significant gains yesterday, within the positive technical outlook, touching the official target at 1.3480, recording the highest at 1.3502. From the point of view of technical analysis today, we find that the pair succeeded in establishing a good support base around …
Read More »Japanese yen is facing a bullish rally 9/8/2023
japanese-yen
Read More »GBP may resume decline 9/8/2023
Oil, Crude, trading
Read More »Oil finds a positive catalyst 9/8/2023
Mixed movements dominated the prices of US crude oil futures contracts, as we expected, touching the bearish official targets published during the previous technical report at 81.30 and 80.60, approaching the final target station at 79.60, only to record its lowest level at $79.97 per barrel. Technically, US crude prices …
Read More »Gold continues its gradual decline 9/8/2023
Gold prices were able to achieve the first bearish target required to be touched during the previous trading session, located at 1926 price, recording its lowest level at $1922 per ounce. Today’s technical vision indicates the possibility of resuming the bearish trend, relying on the continuation of the negative impact …
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