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GBP/USD currency pair analysis

09.08.2022

Technical reviews

There is nothing new about the movement of the Pound Sterling against the Dollar, as the pair continues its bearish trend despite the correction that is taking place, which is expected to end near the EMA50 level.

The rebound movement comes with positive support from the stochastic indicator, which forms …

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EUR/USD currency pair analysis

09.08.2022

Technical reviews

There is nothing new about the movement of the euro against the dollar, as the pair continues to move sideways and did not form any significant change in its movement during the last period, as the pair continues to fluctuate between the 1.0170 support and the 1.0250 resistance.

Therefore, keep …

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Gold analysis

09.08.2022

Technical reviews

Gold continues on the bullish path after rebounding up from the lower bound of the ascending channel within which it moves and approaching the resistance level 1795.00 to reach the next target at 1800.00.

The moving averages support the price to complete the ascending path as it moves below it …

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Oil prices fall as Iran nuclear deal proceeds

09.08.2022

Technical reviews

Commodities market

Oil prices fell slightly on Tuesday due to the latest progress in last-ditch talks to resurrect the 2015 Iran nuclear deal, which would pave the way for the country to increase crude exports in a tight market.

Brent crude futures fell 14 cents, or 0.1%, to $96.51 per …

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Trading idea for Apple Computer Inc. (NASDAQ)

09.08.2022

Technical reviews


#AAPL

The pattern "key reversal" from the mirror level, 167.83, was formed on the daily timeframe. Awesome Oscillator indicates bearish divergence, and the Stochastic Oscillator signals overbought. 

Trading idea:

Sell on a breakout of 164.28.

Stop-loss: 167.83.

Target level: 159.37; 151.50.

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EUR/CAD currency pair analysis

09.08.2022

Technical reviews


The currency pair is trading in the range of circular important level 1.3120. Awesome Oscillator indicator has bullish divergence, and Stochastic Oscillator indicator signals oversold. Breaking through the circular secondary level of 1.3120 will form an ascending wave structure.

Trading idea:

Buy on a breakout of 1.3120.

Stop-loss: 1.3080.

Target …

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Oil rises on recession fears; the USD rises against the yen

08.08.2022

Technical reviews

Commodities market

Oil prices rose from multi-month lows on Monday as investors' appetite improved in response to data on US jobs and Chinese exports that alleviated recession fears.

By 0439 GMT, Brent crude futures had risen 22 cents, or 0.2 percent, to $95.14 per barrel. West Texas Intermediate crude in …

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Gold analysis

08.08.2022

Technical reviews


Gold prices rebounded from the top that formed last week due to the American news that was issued last Friday, which led the price to retreat to the support level 1770.00 and the price stability above the mentioned support. Therefore, it is considered a positive opportunity to continue the bullish …

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GBP/USD currency pair analysis

08.08.2022

Technical reviews


The pound against the dollar fell last Friday, affected by the US news, and approached the 1.2000 support level before rising slightly to the 1.2070 level.

Technical indicators give mixed signals. The moving averages provide a negative signal, while the stochastic indicator shows a positive signal.

Therefore, it is preferable …

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EUR/USD currency pair analysis

08.08.2022

Technical reviews


The euro against the dollar continues to move sideways. The span between the support 1.0170 and the resistance 1.0250 did not record any movement. Therefore, we maintain the previous expectations of the movement between the two mentioned levels and demolish the occurrence of any new action until the price was …

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