The Canadian dollar failed to maintain gains above 1.3800, to return to test the 1.3620 support level, recording its lowest level at 1.3600. Technically, the negativity started to appear on the stochastic indicator, which began to lose the bullish momentum initially, and this comes with the daily trading remaining below …
Read More »GBP: establishes a first support ground 29/9/2022
Oil, Crude, trading
Read More »Oil is making remarkable gains 29/9/2022
We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the buying positions depends on confirming the breach of oil prices to the level of $79.50, which increases the possibility of achieving a rise that targets $80.80, surpassing the target, recording the …
Read More »Euro is trying to form an ascending corrective wave 29/9/2022
The movements of the EUR/USD pair witnessed attempts to recover and compensate for losses during the last trading session, nullifying the bearish technical outlook, in which we relied on trading stability below 0.9710, recording the highest level at 0.9750. On the technical side today, the euro is witnessing stability above …
Read More »USD is at its highest level in 20 years and the sterling is under pressure
Nervous financial markets pushed the dollar to a two-decade high on Wednesday, Sept. 28, as rising interest rates around the world fueled recession fears. The pound slid further after recent warnings about Britain’s tax cut plans. The US dollar index rose by about 0.5% to a new record level at …
Read More »European stocks fall at the open on increasing recession fears
European shares opened lower on Wednesday, led by heavy selling in Asian markets as the escalating energy crisis in the region and the continued rise in global bond yields fueled fears of a recession. The European Stoxx 600 index fell 0.8 percent by 0707 GMT, to continue its decline for …
Read More »Japan’s Nikkei closes near 3-month low, hit by recession fears
Japan’s Nikkei index ended trading on Wednesday near its lowest level in three months, as mounting fears of a global recession weighed on Wall Street on Tuesday evening and a media report that Apple Inc. abandoned plans to produce more iPhone phones, dented sentiment. The Nikkei fell 1.5 percent to …
Read More »Dow Jones continues to touch the descending goals 28/9/2022
Oil, Crude, trading
Read More »CAD: successfully testing support 28/9/2022
Movements tended to the downside temporarily within the tendency to retest the support, as we explained yesterday, to approach the retest target at 1.3620, recording the lowest at 1.3640 to start the bullish rebound as we expected. Technically, the pair’s success in building a base on the 1.3640 support with …
Read More »GBP: selling pressure remains 28/9/2022
Oil, Crude, trading
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