The EUR/USD pair achieved the bearish targets mentioned during the previous technical analysis, touching the official target station at 1.0640, recording its lowest level at 1.0635. On the technical side today, by looking at the 240-minute chart, we notice that there are positive attempts for the Euro-dollar pair as a …
Read More »Dow Jones is touching the bearish targets 31/5/2023
Oil, Crude, trading
Read More »CAD continues to climb gradually 31/5/2023
The technical outlook is unchanged, with the Canadian dollar continuing to maintain positive stability, continuing its gradual rise to the upside, recording its highest level during the early trading of the current session at 1.3640. Technically, and by looking at the 4-hour chart, we find that the simple moving averages …
Read More »GBP may resume depreciation 31/5/2023
Oil, Crude, trading
Read More »Oil is incurring huge losses, and selling pressure is in place 31/5/2023
In the expected bearish context, US crude oil futures prices incurred significant losses yesterday, surpassing the bearish targets required to be achieved at 71.20, recording its lowest level at $69.07 per barrel. Technically, the 50-day simple moving average supports opportunities to continue the decline, in addition to the stability of …
Read More »Gold is between corrections; await pending orders 31/5/2023
Mixed movements dominated gold prices during yesterday’s session, heading to touch the first bearish target published during the previous analysis at 1935 price, to record its lowest level at $1932 per ounce, to rebound as a result of touching the target of support within a scenario of retesting the 1970 …
Read More »Euro is testing resistance and negativity is in place 31/5/2023
The Euro succeeded in achieving the negative outlook as we expected during the previous technical report, touching the first official target station located at 1.0680, recording its lowest level at the last session at 1.0672, to return as part of attempts to rebound bullishly as a result of touching the …
Read More »Dow Jones is looking for a stronger trend 30/5/2023
Oil, Crude, trading
Read More »CAD trend continues 30/5/2023
Positive trades continue to dominate the Canadian dollar for the second consecutive session, building a good support floor near 1.3560, and the pair is now hovering around its highest level during the early trading of the current session at 1.3600. Technically, and by looking closely at the 4-hour chart, we …
Read More »GBP maintains negative stability 30/5/2023
Oil, Crude, trading
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