Daily reviews

The dollar against the yen pair was able to breach the resistance of the bullish triangular flag to push upwards and achieve the expected target at 114.70, and we suggest the continuation of the bullish bias to reach the 115.00 barrier as a next station, noting that breaching this level …

Gold price consolidated above the 1770.00 level, and begins to provide positive trades at the opening of the day, accompanied by the stochastic indicator reaching the oversold areas, to provide a positive stimulus that we wait for the price to visit the 1797.00 level initially.

Therefore, the positive scenario will …

News for today, October 20th:

Oil futures rallied yesterday and were close to multi-year peaks, as the global power crisis continues and cold temperatures in China rekindle concerns on whether the world's largest energy consumer will be able to meet domestic heating needs. Electricity shortages that are driving the prices …

Gold price starts today’s trading with an upward bias to breach the 1770.00 level and settle above it, which leads the price to achieve expected intraday gains in the upcoming sessions, targeting testing the 1797.00 level initially.

Therefore, we expect to witness more rise today, taking into consideration that breaking …

The recent trading of the dollar against the yen pair is confined to a bullish triangular flag pattern that appears on the chart, and therefore, the price needs to breach 114.35 to obtain a positive stimulus that pushes the trades to resume the bullish trend, which its next target is …

News for today, October 19th:

On Tuesday, the dollar fell to near the bottom of its recent range against major peers, pushed by weak U.S. factory data overnight and on market wagers of faster normalization of monetary policy in other countries. Increased investor confidence also put pressure on the dollar: …

The dollar against the yen pair crossed our first awaited target at 114.00 and fluctuated around the ascending channel’s resistance, and started attempts to gather positive momentum on the intraday time frames, waiting for a positive stimulus that contributes to pushing the price to continue rising, noting that our next …

Gold price is trading around the 1770.00 level, and it keeps its stability below it, to keep opportunities available to continue the bearish trend in the upcoming sessions, waiting to head towards 1734.00, which represents our next main station.

Therefore, we will continue to suggest the bearish trend on an …

News for today, October 18th:

Gold fell Monday morning in Asia, but made up for some losses after a sharp sell-off in the previous session as the U.S. 10-year Treasury yields declined after rising to 1.5904% on Monday. In the meantime, the dollar, which usually moves inversely to gold, rallied. …

The Australian dollar against the US dollar is settling above the support floor that it formed above 0.7405, awaiting the resumption of positive trades to head towards 0.7478, which represents our next target.

In general, we continue to suggest the bullish trend for the upcoming period as long as the …