Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 731

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

For several trading sessions in a row, the USD/JPY has been moving in a limited range amid a downward trend but remains stable below the 108.00 support.

The US currency weakens temporarily, while the GBP/USD attempts upward correction, at a time when there still needs to be a positive development at the Brexit front, which has been the most influential factor on the Sterling in years.

A positive start to the EUR/USD price performance this week, as it moved towards the 1.1345 resistance, highest level in two weeks,

Despite gains of global stock markets, the gold prices got support from the fears related to the strength of the second Coronavirus wave in the United States of America

During last week's trading, the GBP/USD pair managed to take advantage of the decline in the USD and rebounded higher with gains reaching the 1.2529 resistance.

For several consecutive trading sessions, the EUR/USD pair moved in a limited range, technically waiting for a price explosion in one of the two directions,

The positive US job numbers were stronger than expected, and it was a catalyst for the markets to give up, even temporarily, of safe havens.

Instability was the characteristic of the USD/JPY performance during last week's trading, where the pair tried to correct upward, but gains did not exceed the 108.16 resistance

On the daily EUR/USD chart, it is clear that the bears are dominating the performance, and the chances of upward correction are weak,

For the third consecutive day, the GBP/USD performance witnessed a noticeable improvement,