The Canadian dollar jumped, achieving strong gains during the previous trading session, within the idea of the expected bullish bias, bypassing the official target price station 1.2660, to record the highest level at 1.2710. Technically, and with the pair beginning to attack the resistance level of the psychological barrier, we …
Read More »GBP loses bullish momentum 10/6/2022
Oil, Crude, trading
Read More »Gold needs to confirm the break 10/6/2022
Sideways trading in a narrow range still dominated gold’s movements, confined from the bottom above the support level of 1838 and above below the resistance level of 1855. Technically, and by looking at the 4-hour chart, we tend to the negativity, relying on the price stability below 1850, and the …
Read More »The euro is getting negative signals 10/6/2022
The single European currency declined noticeably during the previous trading session. Therefore, we adhered to intraday neutrality in the last analysis, explaining that activating short positions is confirmed by breaking 1.0670, targeting 1.0600, to record the pair’s lowest level at 1.0610. Technically and carefully considering the 4-hour chart, we find …
Read More »German DAX tends to retreat ahead of the ECB decision 9/6/2022
Oil, Crude, trading
Read More »Dow Jones stable below resistance 9/6/2022
Oil, Crude, trading
Read More »GBP/JPY: Retest support 9/6/2022
GBP/JPY touched all the ascending targets published during the previous analysis, reaching the official target station in the last report at the price of 168.80, recording its highest level of 168.75. On the technical side today, and by looking at the hourly chart, the overbought signs started appearing on the …
Read More »CAD building on support and may witness an upward trend 9/6/2022
The movements of the Canadian dollar witnessed a positive trading session within the idea of a bullish bias, as we expected during the previous analysis, building on the 1.2500 support floor to achieve a bullish slope that targeted a retest of 1.2570. From the technical analysis point of view today, …
Read More »GBP loses bullish momentum 9/6/2022
Oil, Crude, trading
Read More »Gold is rising softly 9/6/2022
Narrow sideways movements tended to the positivity that dominated the gold price movements during the previous trading session. Therefore, we adhered to intraday neutrality, explaining that consolidation above 1855 increases the possibility of touching 1865, so gold is satisfied with recording the highest price of 1860. On the technical side …
Read More »