The Canadian dollar jumped during the previous trading session to return to the bullish track again after it confirmed the breach of the resistance level of 1.3120, recording the highest level at 1.3181. Technically, and with a careful look at the 4-hour chart, we find the simple moving average has …
Read More »GBP: Breaking the support may stop the bullish correction 14/9/2022
Oil, Crude, trading
Read More »Oil is waiting for a new signal 14/9/2022
We adhered to intraday neutrality during the previous report due to the conflicting technical signals, explaining that activating the bullish path depends on confirming the breach of the 88.40 resistance level to enhance the chances of a rise towards the first target 89.45, recording the highest level of 89.30 during …
Read More »Euro gives up its gains against the dollar 14/9/2022
The European currency fell in the middle of the previous trading session, under pressure from the rise of the US dollar, affected by the continued increase in US inflation levels. We explained that the “consumer price index” has a significant impact, and we may witness high price fluctuations, to visit …
Read More »Nikkei tracks Wall Street higher ahead of US inflation report
Japan’s Nikkei closed higher on Tuesday, tracking Wall Street’s gains led by video game company Nintendo, even though investors were cautious ahead of a major US inflation report. The Nikkei index ended trading up 0.25 percent at 28,614.63 points, after rising earlier in the session to 28,659.76 points, its highest …
Read More »Dow Jones continues to advance of US inflation data 13/9/2022
Oil, Crude, trading
Read More »CAD continues its decline 13/9/2022
The technical outlook remains unchanged, to find the Canadian dollar maintaining negative stability, as we expected, touching our first target to be achieved at 1.2975, recording its lowest level at 1.2963. Technically, and carefully considering the chart, the pair confirmed the breach of 1.3060, and the current moves are witnessing …
Read More »GBP maintains positive stability 13/9/2022
Oil, Crude, trading
Read More »Oil awaiting pending orders 13/9/2022
US crude oil futures prices jumped during the previous trading session, nullifying the negative outlook as we expected, in which we relied on the stability of trading below 86.40, explaining that skipping upwards and consolidating above 86.40 leads oil to complete the bullish correction. We wait for touching 87.50 and …
Read More »Euro needs a positive catalyst to resume the corrective rise 13/9/2022
As we expected, the single European currency formed a corrective ascending wave against the US dollar, reaching the first target at 1.0195, and recording the highest level at 1.0197. Technically, the pair found a strong resistance level around the psychological barrier of 1.0200, which forced it to trade negatively again …
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