Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 253

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 three trading sessions in a row, the EUR/USD price is moving in an upward correctional performance with gains reaching 1.1090 resistance,

British political parties are stepping up their campaigns to attract the largest number of supporters to win the country's early elections on Dec. 12

The decline of the US dollar and weaker investor risk appetite pushed the price of gold to return to gains at the $1464 resistance after trying to drop

On the daily chart below, it seems clear that the USD/JPY is trying to avoid reaching the 108.00 support so as not to confirm the breach of the general bullish trend.

In the last two trading sessions of last week, the EUR/USD pair tried to correct higher, but the gains did not exceed the 1.1056 level and ended the week's trading near it.

Throughout last week's trading, the GBP/USD pair had a bullish correction to the 1.2918 resistance amid continued optimism that the Conservatives could win a landslide victory

Investors' risk appetite weakened recently, supporting the USD/JPY drop to 108.23 support, but succeeded in closing the week around 108.80 resistance.

GBP/USD will not pay much attention to the release of important UK economic data, not even the US data and the recent testimony of Jerome Powell.

Undoubtedly, gold is an ideal safe haven for investors in times of uncertainty.

Trump claimed that the US economy and equity markets would be stronger if the central bank took his advice and cut interest rates further.