Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 949

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.

Snapshot

Latest 10 Articles

The bleeding of losses in the EUR/USD continues, and it collapsed at the beginning of Thursday's trading to the 1.1641 support, its lowest level in more than two months.

Pound's losses continue and may extend for a longer period, as instead of an improvement, the pressure increases.

For four trading sessions in a row, the price of the USD/JPY continues to correct upwards

The strength of the US dollar contributed to the collapse of the gold price to $1849 at the beginning of the today’s trading session, to its lowest level in two months

The sharp and continuous EUR/USD selling since the end of last week’s trading pushed it towards the 1.1691 level, its lowest level in two months, before settling around 1.1705 at the time of writing.

The bearish momentum for the gold price is still the strongest in light of the strong buying operations of the US dollar, which moves inversely with the path of gold prices.

Yesterday, the British government announced a number of new and comic restrictions in some places on the freedoms of companies and families, while it says that they are precautionary measures to contain an increasing second wave of Coronavirus infections.

For the third day in a row, the price USD/JPY is trying to correct upwards, but gains of the bounce did not exceed the 105.07 resistance.

Continuing the downward path of the EUR/USD pair, the pair fell to the 1.1731 support at the beginning of this week’s trading, its lowest level in more than a month, before stabilizing around the 1.1753 level at the time of writing and before the important testimony of US Federal Reserve Governor Jerome Powell Later today.

The recent sharp gains in the US currency were a good reason for gold price collapse to the $1883 an ounce during Monday's trading, which is the lowest price for the yellow metal in two months.