The Canadian dollar achieved all the required bullish targets during the previous analysis, heading towards touching the official price station at 1.3110 and recording its highest level at 1.3108. Technically, the pair’s movements are witnessing stability above the psychological support level of 1.3000, accompanied by the positive motive of the …
Read More »GBP: Trying to recover within the bearish trend 31/8/2022
Oil, Crude, trading
Read More »Oil reverses the trend and breaks a critical support 31/8/2022
US crude oil futures prices reversed the expected bullish trend during the previous analysis, in which we depended on the stability of trading above the 94.70 support floor. Breaking 94.70 postpones the idea of the rise and puts the price under temporary negative pressure targeting 93.60, recording its lowest level …
Read More »Euro is looking for price catalysts 31/8/2022
Sideways trades tended to be positive, but weakly positive, within attempts throughout the second session in a row to breach the strong resistance level 1.0050/1.0045, unable to penetrate it until now, confined from below above 0.9980 and from above below 1.0050. From the angle of technical analysis today, we find …
Read More »Banks push European shares higher as interest rates and recession fears grow
European shares rallied on Tuesday following a two-day sell-off with the banking sector supporting equities. However, concerns over a mounting energy crisis, interest rate hikes and an impending recession capped gains. The pan-European Stoxx 600 index rose 0.4 percent, after declining about 2.5 percent in the previous two sessions, on …
Read More »Nikkei rebounds after hitting a two-week low as technology shares rise
The Japanese Nikkei index ended trading on Tuesday, up more than one percent, led by major technology companies, as the benchmark index rebounded after reaching its lowest level in two weeks in the previous session. The Nikkei rose 1.14 percent to close at 28,195.58 points, while the broader Topix index …
Read More »Dow Jones: negativity in place 30/8/2022
Oil, Crude, trading
Read More »CAD maintains bullish path 30/8/2022
Positive trades witnessed the movements of the Canadian dollar, maintaining positive stability, benefiting from a base on the solid support floor located at 1.2950. Technically and carefully considering the 4-hour chart, we find the pair confirmed the breach of the 1.12960 resistance level, which has now turned into the 61.80% …
Read More »GBP: selling pressure is in place 30/8/2022
Oil, Crude, trading
Read More »Oil achieves the goals and expands its gains 30/8/2022
US crude oil prices continue to achieve gains within the targeted upward path, bypassing the official station required to be touched during the report issued yesterday at 96.40, recording its highest level of 97.36. Technically, we find that the simple moving averages continue to provide a positive stimulus that supports …
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