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Oil, Crude, trading
Read More »Dow Jones extends gains ahead of Fed results 17/8/2022
CAD waiting for the pending orders to be activated 17/8/2022
Mixed trading dominated the movements of the Canadian dollar after the consumer price index data, to trade negatively again to around 1.2930 resistance for the second consecutive session, unable to penetrate it. Technically, and by looking at the 4-hour chart, we notice the stability of trading again below the 1.2870 …
Read More »GBP building on support ahead of inflation data 17/8/2022
Oil, Crude, trading
Read More »Oil: negative pressure is still 17/8/2022
American crude oil achieved the first official target within the expected bearish path at the price of 86.40, recording as low as $85.75 per barrel. Technically, the daily trend is still bearish, with the continuation of the negative pressure of the simple moving averages, in addition to the price stability …
Read More »Euro between trend and minor correction 17/8/2022
The euro against the US dollar continues to decline within the expected negative outlook during the previous analysis, approaching a few points from the official station that is required to be touched at 1.0100, recording its lowest level in the last trading session at 1.0120. Technically, the pair’s intraday movements …
Read More »The Nikkei index closes stable amid economic concerns
Japan’s Nikkei closed little changed on Tuesday; energy-related stocks and shipping companies were the biggest losers, while sentiment was lowered by concerns about slowing US and Chinese economies. The Nikkei index closed down 0.01 percent at 28,868.91, ending two days of gains that brought it to its highest level in …
Read More »Dow Jones attacking bullish 16/8/2022
Oil, Crude, trading
Read More »Oil faces strong selling 16/8/2022
US crude oil futures price movements witnessed a noticeable decline by more than 4.0%, recording its lowest level during the previous session’s trading of 86.85. Technically, we find that the intraday movements of oil are trying to recover with the momentum indicator getting some positive signs. Still, the 50-day simple …
Read More »CAD starts on a positive note 16/8/2022
The Canadian dollar achieved noticeable gains at the beginning of this week’s trading, building on the strong support floor at 1.2760. The pair successfully confirmed the breach of the 1.2860 resistance level, recording yesterday’s highest at 1.2934. Technically, we find the 50-day simple moving average that continues carrying the price …
Read More »GBP sees a technical structure that supports the decline 16/8/2022
Oil, Crude, trading
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