Oil, Crude, trading
Read More »Canadian dollar retests support, looking for additional momentum 24/8/2022
The Canadian dollar was able to retest the support as we explained yesterday, touching the required retest target at 1.2950, recording yesterday’s low of 1.2930. Technically, the pair was able to build on the 1.2930 support floor accompanied by positive signs coming from the 14-day momentum indicator on the short …
Read More »GBP: Negative pressure is still there 24/8/2022
Oil, Crude, trading
Read More »Oil touches the ascending targets, positivity remains 24/8/2022
As we expected, US crude oil futures prices achieved noticeable gains, touching the official target price station during the last analysis at 94.00, recording its highest level of 94.19. Technically, the positive motive from the simple moving averages supports the continuation of the rise, which comes in conjunction with the …
Read More »EUR/USD: The downside wave is still on 24/8/2022
The EUR/USD pair found a strong resistance level at 1.0015, that mentioned in the previous analysis, explaining that it represents one of the most important keys to the current bearish trend, which forced it to trade negatively again. Technically, the pair is currently hovering around the 0.9945 level, accompanied by …
Read More »The euro falls to its lowest level in 20 years
The euro fell to its lowest level in 20 years on Tuesday as Europe’s concerns about energy supplies and economic growth worsened, while the dollar rose against major currencies, supported by inflows in the currency, which is considered a safe haven. The euro reached 0.9909 dollars, the lowest level since …
Read More »European shares continue their losses, affected by high energy prices and fears of recession
European shares extended losses on Tuesday as investors awaited an important batch of economic data to gauge the strength of companies in a hyperinflationary environment while rising energy prices and a weak economic outlook prevailed. The pan-European Stoxx 600 index fell for a third straight session and fell 0.2 percent, …
Read More »Nikkei falls for the fourth consecutive session amid fears of an interest rate hike
Japan’s Nikkei fell for a fourth straight session Tuesday, August 23, tracking Wall Street, which posted losses overnight, ahead of the Federal Reserve’s symposium later this week, while airline and retail shares jumped on news of a possible loosening of border controls to control China. COVID-19. The Nikkei fell 1.19% …
Read More »Dow Jones achieves bearish targets, pressure is in place 23/8/2022
Oil, Crude, trading
Read More »Canadian dollar retests support 23/8/2022
The Canadian dollar touched the first mentioned ascending target during the previous session, at 1.3050, recording its highest level at 1.3060. Technically, the pair hit the strong resistance level represented by the target of 1.3050 to witness the current movements a bearish slope accompanied by the clear negative signs on …
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