Significant losses were incurred by the prices of US crude oil futures contracts as part of intensive selling operations during the previous trading session, touching the bearish correctional targets, as we expected at the price of 78.95, recording its lowest level at $79.00 per barrel. Technically, looking closely at the …
Read More »Euro is completing the bearish directional movement 17/8/2023
Negative pressure is facing the euro-dollar pair within the expected bearish directional movement, touching the second official target to be achieved during the previous technical report, located at the price of 1.0885, recording its lowest level at 1.0861 during today’s morning trading. On the technical side today, and with a …
Read More »European stocks opened lower, affected by mining companies with exposure to China
European stocks opened lower on Wednesday, with miners exposed to China leading losses after weak economic data from Beijing, while British stocks were pressured by a larger-than-expected headline inflation reading. And by 0708 GMT, the pan-European Stoxx 600 index was down 0.2%, after closing at its lowest level in more …
Read More »Nasdaq is facing negative pressure 16/8/2023
Oil, Crude, trading
Read More »Dow Jones breaks support 16/8/2023
Oil, Crude, trading
Read More »CAD attacks the resistance 16/8/2023
The Canadian dollar jumped within the expected positive technical outlook yesterday, surpassing the first target to be achieved at 1.3500, recording its highest level at 1.3510. Technically, the 50-day simple moving average still carries the price from below, in addition to the positive signs from the RSI, which is stable …
Read More »JPY continues to advance 16/8/2023
japanese-yen
Read More »GBP is testing resistance 16/8/2023
Oil, Crude, trading
Read More »Oil resumes the bearish correction 16/8/2023
US crude oil futures prices incurred significant losses during the previous trading session; within the bearish corrective context, we relied on breaking 81.70, touching the required target of 80.70, and recording its lowest level at $80.44 per barrel. Technically, looking closely at the 4-hour chart, we find the price stable …
Read More »Euro is completing the bearish directional movement 17/8/2023
Negative pressure is facing the euro-dollar pair within the expected bearish directional movement, touching the second official target to be achieved during the previous technical report, located at the price of 1.0885, recording its lowest level at 1.0861 during today’s morning trading. On the technical side today, and with a …
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