Negative trades dominated the pair’s movements within the negative technical outlook, as we expected during the previous technical report, heading towards the first target to be achieved at 1.0660, recording its lowest level at 1.0665. On the technical side, the pair tried to compensate for the losses during the Federal …
Read More »Dow Jones hits the required targets 7/2/2023
Oil, Crude, trading
Read More »CAD continues to climb gradually 7/2/2023
The positive performance of the Canadian dollar during the first trading of this week within the expected bullish path during the previous technical report, touching the first target at 1.3475, to record its highest level at 1.3475. Technically, the continuation of the simple moving averages provides a positive motive that …
Read More »GBP is losing momentum 7/2/2023
Oil, Crude, trading
Read More »Oil is trying to compensate for the losses 7/2/2023
US crude oil futures prices reversed the expected bearish trend published during the previous analysis after prices managed to build on the support of the psychological barrier of 73.00. Technically, the 50-day simple moving average still constitutes an obstacle in front of the price. But, on the other hand, we …
Read More »Gold and the selling pressure continues 7/2/2023
Gold prices collided with the previously broken support level, which was transformed into the de facto resistance level at 1880, limiting the limited bullish tendency to force gold to decline again and retest 1862. Technically, we tend in our trading to be negative, relying on the stability of the price …
Read More »Euro touching target and hovering around a correction 7/2/2023
Negative trades dominated the movements of the euro-dollar during the first trading sessions of this week, within the expected negative outlook during the previous analysis, touching the official target station 1.0740, recording its lowest level at 1.0709. On the technical side today, by looking at the 240-minute chart, we find …
Read More »Dow Jones may witness a temporary decline 6/2/2023
Oil, Crude, trading
Read More »CAD built on support 6/2/2023
The Canadian dollar was able to build on the support at 1.3330, which forced it to rebound to the upside, to succeed in retesting the resistance level of the psychological barrier 1.3400, recording its highest level at 1.3426. Technically, and by looking at the 240-minute chart, we find that the …
Read More »GBP is expected to fall further 6/2/2023
Oil, Crude, trading
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