Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 84

About Mahmoud Abdallah

Mahmoud has been working fulltime in the Foreign Exchange markets for 12 years. Offers his analysis, articles and recommendations at the most renewed Arabic websites specialized in the global financial markets, and his experience gained a lot of interest among Arab traders. Works on providing technical analysis, market news, free signals and more with follow up for at least 12 hours a day, and aims to simplify forex trading and the concept of trading for his audience.

Latest 10 Articles

After cutting interest rates for the first time in more than a decade in late July, the Federal Reserve announced another rate cut after the monetary policy meeting that ended yesterday.

Ahead of the Bank of England's monetary policy decisions, the GBP / USD pair is trying to hold to gains around the 1.2500 resistance, which supports a break of the downtrend.

Since the beginning of this week's trading, the price of gold has been trying hard to keep moving around and above the $ 1500 psychological resistance to confirm the adherence to the uptrend and prepare for stronger gains today.

The USD/JPY attempts to bounce around the 108.36 resistance level, the highest in a month and a half, have been put on hold awaiting the announcement of Federal Reserve monetary policy decisions

As we have mentioned since the beginning of this week’s trading, the EUR / USD will remain in a tight range awaiting the announcement of the Federal Reserve's monetary policy decisions and the comments of its Governor Jerome Powell.

For four trading sessions in a row, the price of the GBP / USD stabilizes around the1.2500 resistance level, awaiting for stronger catalysts to complete the pace of the upward correction

Since the beginning of this week's trading, the price of gold has been trying hard to keep moving around and above the $ 1500 psychological resistance to confirm the adherence to the uptrend

Attempts to bounce the USD / JPY pair around the 108.36 resistance level a month and a half ago have been put on hold for awaiting the announcement of Federal Reserve monetary policy decisions and important remarks by Governor Jerome Powell.

EUR / USD fell back to the 1.0993 support level as the pair failed to overcome the 1.1109 resistance which was successfully tested last week after the ECB announced its monetary policy and introduced more stimulus plans for the Eurozone economy.

Despite the resumption of the British-EU dialogue sessions on determining the Brexit path, the GBP/USD has stopped the correction which pushed it towards the 1.2505 resistance level