Oil, Crude, trading
Read More »Oil touches the ascending targets, positivity remains 24/8/2022
As we expected, US crude oil futures prices achieved noticeable gains, touching the official target price station during the last analysis at 94.00, recording its highest level of 94.19. Technically, the positive motive from the simple moving averages supports the continuation of the rise, which comes in conjunction with the …
Read More »Gold awaits activation of pending orders 24/8/2022
We adhered to intraday neutrality during the previous session, explaining the importance of the current trading levels, in addition to the conflict in the, explaining that the continuation of gold prices above the recorded bottom $1727 increases the probability of touching $1472 and $1755 respectively, to touch the required target, …
Read More »EUR/USD: The downside wave is still on 24/8/2022
The EUR/USD pair found a strong resistance level at 1.0015, that mentioned in the previous analysis, explaining that it represents one of the most important keys to the current bearish trend, which forced it to trade negatively again. Technically, the pair is currently hovering around the 0.9945 level, accompanied by …
Read More »Dow Jones achieves bearish targets, pressure is in place 23/8/2022
Oil, Crude, trading
Read More »GBP/JPY: may witness a bearish slope 23/8/2022
The British pound fell against the Japanese yen to reverse yesterday’s expected daily bullish trend. It touched the stop-loss order published during the last analysis at 161.40, recording its lowest level at 161.16. Technically, the pair’s current moves are witnessing a return to pivot below the resistance level of the …
Read More »Canadian dollar retests support 23/8/2022
The Canadian dollar touched the first mentioned ascending target during the previous session, at 1.3050, recording its highest level at 1.3060. Technically, the pair hit the strong resistance level represented by the target of 1.3050 to witness the current movements a bearish slope accompanied by the clear negative signs on …
Read More »GBP Sterling continues to suffer from strong dollar 23/8/2022
Oil, Crude, trading
Read More »Oil rests on support again 23/8/2022
Mixed trading tilted to the positive dominated the US crude oil futures prices yesterday, to witness the current movements return to the bullish track and hovering around its highest level during the early trading of the current session 91.00. Technically, the positive motive for the 50-day simple moving average supports …
Read More »Gold is at its official target; prefer to monitor price behavior 23/8/2022
As we expected, a negative trading session witnessed gold price movements within the official descending path, touching the official price target for yesterday’s session at 1727, recording the lowest at 1727. On the technical side today, the negative pressure from the simple moving averages continues, which supports the continuation of …
Read More »