RowaynaAhmed

RowaynaAhmed

Despite the positive data about the indicator ADP nonfarm employment change that has been more than the expected data by 405K points, the US dollar index has fallen by 0.44% between the resistance line 96.336 and the support line 95.911. This is due to the high frequency of Corona injuries in the United States and the outbreak of the Omicron mutated, which...

RowaynaAhmed

The US dollar index has faced a rise of 0.2% between the support line 95.074 and the resistance line 95.266, and this is due to the positive data released by The Bureau of Labor Statistics about job openings and labor turnover, which has been more than the expected data by 0.42k points. Therefore, the index is expected to rise to breach the first resistance line...

RowaynaAhmed

The Aussi has faced a downward trend between the resistance line 0.7337 and the support line 0.7289, which reflects the decline of the Australian dollar against the rise of the US dollar. In addition, the reason behind this fall is the negative data released by The Australian Bureau of Statistics about the unemployment rate that has decreased than the expected...

RowaynaAhmed

The US dollar index has faced a rise of 0.35% between the support line 94.283 and the resistance line 94.609, and this is due to the positive data released by the Bureau of Labor Statistics about three economic indicators. Firstly, the unemployment rate which has been less than the expected percentage by 0.1%. Secondly, the average hourly earnings which has been...

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The Dow Jones Industrial Average stock has faced a rise by 1.25 points; as a result of the appearance of the continuation pattern of the ascending triangle and the positive data about the ISM Manufacturing PMI released by the Institute of Supply Management which shows an increase than the expected data by 60.4 points. Therefore, the stock is expected to continue...

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The Loonie has faced an upward trend, which reflects the decline of the Canadian dollar against the rise of the US dollar. In addition, the reason behind this rise is the negative data released by Statistics Canada about the GDP (MoM) that has decreased than the expected data by 0.3%, which shows contraction in the Canadian economic activity. Therefore, the pair...

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The USOil has faced a fall of 2.72% between the resistance line 84.47 and the support line 82.03, and this is due to the negative data released by the U.S. Energy Information Administration about the crude oil stocks, which has been less than the expected data by 2.3M points. Therefore, the stock is expected to decrease to break the first support line 82.03 to...

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The US dollar index has faced a rise of 0.23% between the support line 93.5 and the resistance line 93.787, and this is due to the positive data released by the United States Department of Labor about the unemployment benefits, which has been less than the expected data by 8k points. Therefore, the index is expected to rise to breach the first resistance line...

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The cable pair has faced a slight decrease until it touched the support line 1.3776; due to the Office for National Statistics’ report about the consumer prices (YoY), which has appeared to be less than the expected percentage by 0.1%, in addition to the appearance of the reversal pattern of double top which may affect the pair and make it decline by 0.23%,...

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The currency pair of the Chinese Yuan against the US Dollar has started to rise by 3 points between the support line 0.1551 and the resistance line 0.1554, and this is an identical reaction to the continuation pattern of the ascending triangle. On the other hand, the Chinese Yuan may reverse its trend and start decline against the rise of the US Dollar; due to the...

RowaynaAhmed

The Netflix stock has faced a rise of 13.84 points; because of the success of the Korean series Squid Game that has reached the highest rate of profitability in the history of Netflix platform and the digital media in general. In addition, the stock is expected to continue rising and breach the first resistance line 638.92 and reach the second resistance line...

RowaynaAhmed

The USD/CAD currency pair has faced a declining trend, which reflects the rise of the Canadian dollar against the fall of the US dollar. In addition, the reason behind the decline is the positive data about the change in employment that has increased than the expected data by 97.6K points. Therefore, the pair is expected to continue its downward trend and break...

RowaynaAhmed

The Dow Jones Industrial Average stock has faced a rise by 2.71 points; as a result of the appearance of 2 bullish candlesticks and the positive data about the unemployment benefits released by the United States Department of Labor. Therefore, the stock is expected to continue in rising till it breaches the resistance line 350.41, on the contrary, if the stock...

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The Nasdaq index has faced a rise by 274.58 points between the support line 14404 and the resistance line 14727, therefore, it started to recover but not in an efficient way, because it rebounded with five bearish candlesticks, and if it continues in decreasing it won't be able to recover except by rising and compensating its lost points by breaching the first...

RowaynaAhmed

The US dollar index has faced today a rise of 0.20% from the support line 93.831 to the resistance line 94.027, and this is due to the positive data released by the Institute for Supply Management about the ISM services index, which has been more than the expected data by two points. Therefore, the index is expected to rise to breach the first resistance line...

RowaynaAhmed

The Nasdaq index has faced a drop by 436 points between the resistance line 14813 and the support line 14380, if the technical failure’s timing in some of the social media applications extends, the stock will fall and break the support line 14380, on the other hand, the stock is expected to rise especially after the appearance of two bullish candles. Therefore, if...

RowaynaAhmed

The Dow Jones Industrial Average stock faced a rise by 5.63 points; as a result of positive data on the monthly core PCE price index released by the US Bureau of Economic Analysis and the manufacturing PMI released by ISM from the Institute for Supply Management. However, according to the reversal pattern of the double bottom the stock has achieved its expected...

RowaynaAhmed

Today, Dow Jones Industrial Average stock has fallen by 4.63 points because of passive data issued by The Conference Board about the consumer confidence index, which was less than the expected data by 5.9 points. This negative data is due to the increased risks of the epidemic that led to a lack of consumer interest in luxurious household goods. Therefore, it's...