Oil, Crude, trading
Read More »Gold Loses Momentum
The yellow metal was able to touch the initial target to be achieved, mentioned in the previous report, at 1927, and approached the second target at 1934, but posted a session high at 1931. Looking at the 240-minute chart, the technical view indicates the possibility of returning the bearish slope …
Read More »Euro Touches The First Target
The single currency traded on a positive note within the bullish path, as we expected, touching the first target 1.1875, reaching the session high at 1.1880. Technically, looking at the 240-minute chart, we see that the simple moving averages continue to hold the price and favor the bullish curve, on …
Read More »Negativity Dominates German Dax
Negative trading is dominating the DAX, recording the lowest price at 12701. The technicals indicate the possibility of continuing the decline, with trading remaining below the previous broken support level 12880, and most important 12920, in addition to the index continuing to receive negative pressure from its simple moving averages. …
Read More »Dow Jones Faces Negative Pressures
Negative trading dominated the Dow Jones Industrial Average during the US session, recording its lowest price at 28045. Technically, we tend to be negative in intraday trading, depending on trading stability below the resistance level 28440 in addition to the clear negative signs on the RSI. Therefore, a bearish bias …
Read More »GBP/JPY: Positive Side needs Assurances
The pair of Pound against the Yen witnessed a positive slope within the bullish path, as we expected yesterday, and it begins to attack the psychological barrier of 137.00. Technically, we find that the 50-day moving average hold the price in addition to the pair building above the resistance-into-support around …
Read More »Canadian Dollar Continues to Extend Losses
The Canadian dollar managed to achieve the expected negative outlook for the daily trend, to touch the first target mentioned in the previous analysis at 1.3090. Technically, with the confirmation of the pair breaking the 1.3150 support floor, in addition to the continuing pressure coming from the 50-day moving average. …
Read More »Pound Faces Psychological Barrier
The technical outlook remains unchanged on the pair’s movements within attempts to obtain bullish momentum. Technically, and looking at the chart, we find that the pair failed to stabilize for a long time above the pivotal resistance of 1.3000, as the current trades witnessed stability below the aforementioned level, with …
Read More »Oil Continues on The Bullish Path
Oil, Crude, trading
Read More »Gold Base on Support
We remained neutral during the previous analysis and made it clear that we are waiting for a stronger direction to be determined after the technical signals contradicted, we have indicated that activating long positions needs a clear breakout of the 1913 resistance level. The yellow metal hit a high during …
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