Tag Archives: Forex

The Dow Jones Industrial Average declined significantly, and we indicated in the previous analysis that trading below 27500 will negate any intraday attempts to rise and push the index towards the downside towards 27265, posting a low at 27175. Technically, we see a consolidation below the support-into-resistance at 27460 with …

The dollar held on to its gains Tuesday, but the rest of the safe-haven currencies witnessed quiet transactions as investors were reluctant to form positions before the US presidential elections scheduled for next week, even as concerns grow about the second wave of Covid-19 and its economic effects. On Monday, …

The Dow Jones Industrial Average declined significantly yesterday after facing a strong resistance level near 28050. Technically, the current moves in the index are trying to replicate the chances of a rally in short time intervals. We see RSI above the midline, in addition to the intraday trading above 27610 …

The dollar rose on Monday, as Traders proceeded to be cautious due to the increasing cases of Coronavirus in Europe and the United States, as well as the lack of progress in the US economic stimulus package. US House of Representatives Speaker Nancy Pelosi said on Sunday that she expected …

The dollar stabilized against most currencies on Friday after a balanced presidential debate in the United States but is heading towards a weekly loss as investors await stimulus talks in Washington and post-Brexit trade negotiations. US President Donald Trump adopted a more conservative tone compared to what he was in …

Negative trading dominated the Dow Jones Industrial Average in the New York Stock Exchange within the expected bearish path, touching the second target to be achieved in previous analysis at 27795, posting low at 27916. On the technical side, the current movements of the index are witnessing attempts to rise …

The dollar recovered from its lowest level in seven weeks, receiving some support after hopes for a fiscal stimulus package in the United States before the November elections collapsed. Progress towards a stimulus agreement in the United States was supporting sentiment in global markets and raising demand for riskier assets …

The Dow Jones Industrial Average managed to achieve the bearish targets published in the previous analysis located at 28,000, and reached a low of 27,893. Technically, we tend to be negative given the negative signs from Stochastic with the loss of momentum on the RSI indicator. As long as trading …

The dollar fell to its lowest level in the month of Wednesday after US President Donald Trump raised hopes for a major fiscal stimulus package, sparking a wave of optimism in the market that saw traders turn to bet on higher-risk currencies. Negotiations between US lawmakers have continued in Washington …

Negative trading dominated the Dow Jones Industrial Average during the US session, recording its lowest price at 28045. Technically, we tend to be negative in intraday trading, depending on trading stability below the resistance level 28440 in addition to the clear negative signs on the RSI. Therefore, a bearish bias …