The pound sterling against the Japanese yen managed to touch the first target located at 147.40, recording the lowest price of 147.40. Technically, the pair found a good support floor around the aforementioned target, and with a closer look at the 60-minute chart, we find that positive features began to …
Read More »Canadian Dollar Approaching Second Target For Upward Correction
The Canadian dollar recovered significantly during last Friday’s trading session within the path of the aforementioned bullish correction, touching the first target of the correction at 1.2690, recording a high of 1.2748. Technically speaking, and with a closer look at 60 minutes chart, we find the stochastic indicator is trading …
Read More »Pound Retest Resistance
Oil, Crude, trading
Read More »Oil Trying to Upside
Oil, Crude, trading
Read More »Gold Trying to Recover
Gold prices incurred strong losses at the end of last week’s trading within the expected downside path, in which we relied on the existence of a bearish technical structure that supports the decline, surpassing the official target of 1745, recording its lowest price of 1717. Technically speaking, and with a …
Read More »Euro Continues to Crawl Negatively
The euro fell against the US dollar, a noticeable decline within the negative outlook expected during the previous analysis, touching the second official target of 1.2065, posting a low of 1.2062. On the technical side today, and with a closer look at the chart, we find the negative pressure continues …
Read More »Dow Jones Pressing support
Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous trading session on Wall Street, recording its highest level at 32030. On the technical side, trading in a short time frame witnessing a bearish bias, as we find the price stable below 31,300, and in general …
Read More »GBP/JPY: Faces Negative Pressure
Clear negative trades dominate the pound against the Japanese yen within the bearish correction scenario referred to during the last analysis, touching the required target 148.50, to record its lowest price during early trading for the current session 148.03. On the technical side, we will maintain our negative outlook, relying …
Read More »Canadian Dollar Begins a Bullish Correction
The Canadian dollar starts its daily trading with a bullish bias, after it found a solid support floor around 1.2470, to witness the current moves a return to trading stability again above 1.2560. Technically, today we are biasing positively in our trading, relying on the positive motive coming from the …
Read More »The Cable Settled Below Support
Oil, Crude, trading
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