The Canadian dollar benefited from building a base on the strong support level located at 1.2630, which forced the pair to trade positively during the last trading session, to retest the previously broken support level of 1.2770. From the angle of technical analysis today, and with careful consideration on the …
Read More »Gold Hovers Around Support And Confirming The Break Extends The Losses 4/1/2022
The yellow metal prices declined noticeably yesterday, after it recorded the highest level of $ 1831 per ounce, to find a strong resistance level around the mentioned level, which forced it to retest the pivotal support level at 1797. On the technical side today, and by looking at the 240-minute …
Read More »The Canadian Dollar Extends Gains 16/12/2021
Remarkable positive trades dominated the movements of the Canadian dollar within the bullish context as we expected it to touch the first target that is required to be achieved during the previous analysis 1.2910 and is approaching by a few points from the second target 1.2950, recording the highest level …
Read More »Gold is Looking For a Clearer Direction 16/12/2021
Mixed trading dominated the movements of the yellow metal after the Federal Reserve’s decision yesterday, recording its lowest level near the 1753 support, to return to the bullish rebound and is now hovering around 1783 areas. On the technical side, the 14-day momentum indicator is stable above its mid-line, supporting …
Read More »German Dax is Facing Negative Pressure 14/12/2021
The German DAX index managed to achieve the second official target required to be touched during the previous trading session, at 15,780, to record its highest level of 15,793. On the technical side, today, the index hit the strong resistance level, which forced it to trade negatively. With a closer …
Read More »The Canadian Dollar Extends Gains 14/12/2021
The Canadian dollar continued its positive trading within the expected bullish context during the last analysis after it succeeded in stabilizing above the psychological barrier level of 1.2700 Technically, the bullish trend is likely today, based on the breach of the 1.2730 resistance level represented by the 23.60% Fibonacci correction …
Read More »Gold is Looking For a Clearer Direction 16/12/2021
Mixed trading dominated the movements of the yellow metal after the Federal Reserve’s decision yesterday, recording its lowest level near the 1753 support, to return to the bullish rebound and is now hovering around 1783 areas. On the technical side, the 14-day momentum indicator is stable above its mid-line, supporting …
Read More »German Dax is Looking For Extra Momentum 13/12/2021
Positive trading dominated the movements of the German DAX index on the Frankfurt Stock Exchange, trying to build on a 15,450 support level to record its highest level at 15,686. On the technical side, the indicator needs more additional momentum to continue rising, and we notice that the RSI is …
Read More »The Canadian Dollar Attacking Resistance 13/12/2021
The technical outlook is unchanged; the Canadian dollar maintained positive stability after stabilizing above the 1.2660 support level. Technically, we tend to the positivity, relying on the pair’s building on the 1.2660 support level, which is accompanied by the positive motive for the 50-day moving average, which returned to hold …
Read More »The Direction of Gold is Still Unclear 13/12/2021
Mixed trading dominated gold prices at the end of last week’s trading. Trading is still limited to a short, unclear stable trend from below, above the demand area 1770, and below the main supply area of 1799. Technically, despite the temporary bullish bounce, gold prices are still moving within an …
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