Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 1018

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

Despite new fears and restrictions that European countries implemented to contain the outbreak of the Corona epidemic, the EUR/USD succeeded in achieving gains

Last week’s transactions were harsh for the USD/JPY, as the pair collapsed towards the 104.34 support, the lowest level for more than a year

Amidst a move that confirms the extent of the GBP/USD price's thirst for a rebound, there was a strong upward rebound during last week's trading.

Despite the significant drop of the US dollar during last week’s trading, the price of gold could not benefit, except to move towards the $1932 an ounce.

Investors' giving up the US currency temporarily contributed to an upward rebound in the EUR/USD, to the 1.1880 resistance, its highest level in more than a month, before settling around 1.1845 at the time of writing.

Gold prices attempts to rebound during yesterday's trading session culminated in testing the resistance at $1932 an ounce.

By more than 200 points, the GBP/USD pair recorded sharp gains during yesterday's trading session, as it retreated from the 1.2937 support to the 1.3176 resistance before the pair stabilized around 1.3130 at the time of writing.

In recent USD/JPY technical analysis, we noted that the limited and narrow movement within price limits for several trading sessions in a row heralds an upcoming strong move.

For the third day in a row, the EUR/USD, is in an upward correctional range that has pushed the pair towards the 1.1850 resistance at the time of writing, which is the highest level in a month.

Since the beginning of this week’s trading, gold prices have been trying to rebound higher.