Daily Technical Analysis

Oil, Crude, trading

Positive trading witnessed the movements of the Canadian dollar to reflect the downward trend as we expected, in which we relied on the stability of trading below 1.3650 at the time of the report. As a reminder, we indicated that the return of trading stability above 1.3650 leads the pair …

japanese-yen

Oil, Crude, trading

The movements of US crude oil futures witnessed negative trading within the expected bearish context after it failed to stabilize for a long time according to the psychological barrier resistance of 85.00, recording its lowest level at $82.35 per barrel. The daily trend is still bearish, with continued negative pressure …

During the beginning of the previous trading session, gold prices were able to touch the first target required to be achieved in the last report at 1884, recording its highest level of $1885 per ounce, to return within a bearish tendency, affected by the rise of the US dollar after …

Negative trading dominated the movements of the EUR/USD pair during the previous trading session after the US inflation data, which led the US dollar to rise. On the technical side, the euro witnessed immediate stability below the support level of 1.0550, indicating that sneaking below the mentioned level may force …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining the expected bearish path, stable below the 1.3650 resistance level. Technically, by looking at the 4-hour time frame chart, we find a negative intersection beginning to appear on the simple moving averages to return to pressuring …