Gold prices found strong resistance around the key supply areas at 1745 published during the previous analysis, explaining that stability and stability below it is a condition for maintaining the general bearish trend on the intraday term, to find gold unable to break it until now. Technically and carefully considering …
Read More »Euro Settled below resistance 30/8/2022
The euro’s attempts to compensate for its losses against the US dollar during the previous trading session failed to find a strong resistance level of 1.0040 that successfully limited the bullish bias. As we explained in the previous report, the above-mentioned level is a prerequisite for recovery. Technically, today, the …
Read More »Dow Jones deepens losses 29/8/2022
Oil, Crude, trading
Read More »CAD breaks through the resistance, the positivity remains 29/8/2022
As expected, the Canadian dollar achieved noticeable gains within the positive technical outlook, touching the awaited target at 1.3030, recording its highest level at the beginning of the first trading sessions this week at 1.3070. Technically, and with careful consideration on the 4-hour chart, we find the pair confirmed the …
Read More »GBP: Under strong selling 29/8/2022
Oil, Crude, trading
Read More »Oil tests support and maintain the bullish path 29/8/2022
US crude oil futures prices managed to retest the target mentioned in the previous analysis, surpassing the required target at 91.80, recording its lowest level at 91.10. Technically, prices returned to the bullish rebound once again, building on support level of 92.00 and supported by the positive motive coming from …
Read More »Gold surrenders to the strength of USD 29/8/2022
We adhered to intraday neutrality during the last report due to the conflicting technical signals, clarifying and warning that gold prices would break $1747 support level, targeting $1732, so that gold began the first trading sessions of this week to incur significant losses, recording the lowest $1723 during the morning …
Read More »Euro fails to rise against USD 29/8/2022
Mixed trading dominated the movements of the euro against the US dollar at the end of trading last week, under the influence of the speech of the Federal Reserve Chairman at the Jackson Hole Forum. Technically, the euro hit the pivotal resistance level published during the previous report, located at …
Read More »The Dow Jones is trying to recover 26/8/2022
Oil, Crude, trading
Read More »CAD repeats the chances of rising 26/8/2022
The Canadian dollar provided mixed trading yesterday, approaching a few points from the target published during the previous analysis at 1.2880, recording its lowest price at 1.2895. Technically, we find that the pair returned to the bullish rebound, benefiting from the pivot on the solid support floor of 1.2880. We …
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