Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 1627

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 continued flight of investors from risk amid fears of the rapid spread of the Corona Delta variable, which threatens the global openness, contributed to a continuous downward pressure for the EUR/USD currency pair.

Throughout the week's trading, gold futures are trying to stay above the psychological resistance level of $1800 an ounce.

During the last three trading sessions of the GBP/USD currency pair, it succeeded in compensating some of its losses, which reached the 1.3572 support level, its lowest in five months.

US Dollar and the Yen strength was negatively affected by raising fears of the rapid spread of the Corona Delta variable in sports delegations,

Before the European Central Bank announced an update of its monetary policy, the EUR/USD currency pair is trying to correct upwards, settling around the 1.1800 resistance.

Investors returned to risk appetite, which is negative for the price of gold.

Investors' sentiment improved slightly, which gave the USD/JPY the opportunity to correct upwards, reaching the resistance level of 110.38.

Forex investors tried to take advantage of the recent strong decline in the price of the GBP/USD currency pair to return to buying and settle around the 1.3745 level.

The demand for safe havens is still in favor of the new downside path for the EUR/USD currency pair, down to the 1.1755 support level.

During yesterday's trading, the price of an ounce of gold recovered to the resistance level of $1825 after selling at the beginning of the week's trading.

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