Gold prices continue to decline under pressure, with the US dollar rising. It is heading to touch the official targets required to be achieved during the previous report at 1894 and 1886, to suffice with recording its lowest price at $1886 per ounce. On the technical side today, by looking …
Read More »Euro is completing the bearish directional movement 17/8/2023
Negative pressure is facing the euro-dollar pair within the expected bearish directional movement, touching the second official target to be achieved during the previous technical report, located at the price of 1.0885, recording its lowest level at 1.0861 during today’s morning trading. On the technical side today, and with a …
Read More »Nasdaq is facing negative pressure 16/8/2023
Oil, Crude, trading
Read More »Dow Jones breaks support 16/8/2023
Oil, Crude, trading
Read More »CAD attacks the resistance 16/8/2023
The Canadian dollar jumped within the expected positive technical outlook yesterday, surpassing the first target to be achieved at 1.3500, recording its highest level at 1.3510. Technically, the 50-day simple moving average still carries the price from below, in addition to the positive signs from the RSI, which is stable …
Read More »JPY continues to advance 16/8/2023
japanese-yen
Read More »GBP is testing resistance 16/8/2023
Oil, Crude, trading
Read More »Oil resumes the bearish correction 16/8/2023
US crude oil futures prices incurred significant losses during the previous trading session; within the bearish corrective context, we relied on breaking 81.70, touching the required target of 80.70, and recording its lowest level at $80.44 per barrel. Technically, looking closely at the 4-hour chart, we find the price stable …
Read More »Gold is suffering from the strength of the US dollar 16/8/2023
Gold prices achieved the negative technical outlook, as we expected during the previous technical report, touching the first target achieved at 1900, recording its lowest level at $1896 per ounce. On the technical side today, by looking at the 4-hour chart, with the continuation of the negative intersection of the …
Read More »Euro is completing the bearish directional movement 17/8/2023
Negative pressure is facing the euro-dollar pair within the expected bearish directional movement, touching the second official target to be achieved during the previous technical report, located at the price of 1.0885, recording its lowest level at 1.0861 during today’s morning trading. On the technical side today, and with a …
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