The downtrend continues to dominate the movements of US crude oil futures contracts, marking the third consecutive session of losses. It reached the first official target mentioned in the previous report at $75.45, hitting a low of $74.96 per barrel. Analyzing the 240-minute time frame chart, we observe a persistent …
Read More »Euro Awaits a More Definitive Signal 9/11/2023
Gold prices continued their downward trajectory as predicted in the previous report, nearing the first official target set at $1945. Early trading in the current session saw gold hitting its lowest level at $1947 per ounce. Upon examining the 4-hour time frame chart from a technical perspective, the bearish technical …
Read More »European stocks fell, affected by the decline of insurance companies
European stocks fell on Wednesday, November 8, with shares of insurance companies and financial institutions taking the biggest hit as investors evaluated economic data and corporate profits. The European STOXX 600 index fell 0.1% by 0815 GMT, reaching its lowest level in almost a week and heading for a decline …
Read More »Nasdaq is trying positively 8/11/2023
Oil, Crude, trading
Read More »Dow Jones Maintains Stability Below Resistance Level 8/11/2023
Oil, Crude, trading
Read More »CAD Surges as Anticipated 8/11/2023
The Canadian dollar displayed a strong performance, aligning with our previous analysis, by reaching the second target set at 1.3780 and peaking at 1.3782. Examining the technical analysis today, we observe a positive trajectory in our trading strategy, grounded in the stability above 1.3710, reinforced by the encouraging signals from …
Read More »Caution Advised in Evaluating USD/JPY Movements 8/11/2023
japanese-yen
Read More »GBP facing negative pressure 8/11/2023
Oil, Crude, trading
Read More »Oil Prices Suffer Steep Declines 8/11/2023
US crude oil futures prices continue to suffer losses as we expected, exceeding the last official stop required to be touched during the previous technical report at a price of 78.00, recording its lowest level of $76.57 per barrel during early trading of the current session. Technically, with a closer …
Read More »Euro Continues Its Subtle Descent 8/11/2023
The EUR/USD pair experienced negative trading in yesterday’s session, following a gradual bearish trend toward the targeted level of 1.0640, ultimately reaching its lowest point at 1.0664. From a technical analysis perspective, a pessimistic outlook is maintained, supported by sustained daily trading below the robust resistance level at 1.0760, marked …
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