By Daniel Leussink TOKYO (Reuters) – Sterling rallied on Tuesday on speculation that British Prime Minister Theresa May might be closer to securing approval for her Brexit deal after the European Commission agreed to some changes to it ahead of a vote in the British parliament. The pound jumped as high as $1.3290 as May […]
Trading remains stable below 0.7055 – 0.7075 support area, which was breached during last Wednesday’s trading … The possible bearish scenario remains intact as long as the pair remains below the bearish trend line shown on the 4 hour chart. The targets remain around 61.8% Fibonacci at 0.6960 as the first target, May extend from […]
The price fluctuates around the first target level at 1.3435 … The possible bullish scenario remains valid with the effect of the upside down head and shoulders pattern shown on the chart to be the next targets around 1.3545 as the second target and then the 1.3655 resistance as the third target … A break […]
The pair rose strongly on Thursday, reaching its first target at 1.0095, to retreat on Friday in an attempt to gain some bullish momentum due to the saturation condition that was indicated by the Stochastic and RSI indicators on the four-hour framework, which shows positive signs now … The possible bullish scenario remains valid with […]
The price of gold rose last Friday to test the area 1300-1302 as expected due to the saturation of the sale was indicated by the momentum indicators … Stochastic pointing to a negative intersection is currently a sign that the price has gathered enough momentum to resume falling … The possible bearish scenario remains intact […]
Although the upside scenario which achieved its second target at 111.70 has become weak after breaching both the 50 and 100 averages, it remains intact with support at 110.90 which corresponds to the bullish trend line shown on the 4 hour chart and is trying to support the price as we see … The return […]
A break the support level of 1.3100 was sufficient to activate the bearish scenario and push the price aggressively towards its first target at 1.3000 … The pair is currently supported by the bullish trend line shown on the chart as momentum indicators are moving within the oversold zones. The bearish trend is shown in […]
The pair fell strongly to reach its third target of the downside scenario at 1.1235 last Thursday to resume trading higher on Friday in an attempt to test the 1.1215-1.1240 breached support area after receiving support from 1.1185 of 61.8% Fibonacci of the wave that started from the bottom of 01/01 / 2017 and ended […]
DUBAI (Reuters) – Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day (bpd), while keeping its output “well below” 10 million bpd, a Saudi official said on Monday, as the kingdom seeks to drain a supply glut and support oil prices. State-owned Saudi Aramco’s oil allocations […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dropped by more than one percent on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned of continued weakness and fresh data showed Chinese exports and imports slumped last month. With surging U.S. supply also unsettling markets, international benchmark Brent crude […]
