Daily Technical Analysis

Limited positive attempts dominated the movements of the Euro/Dollar pair at the end of last week’s trading, with several consecutive sessions of decline. As we explained during the previous technical report, the price’s consolidation above the psychological barrier resistance of 1.0600 is a condition for an upward correction. Technically, the …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar found strong resistance around the psychological barrier of 1.3500, which began to put negative pressure on the pair and is currently trading near the strong support level of 1.3470. From a technical analysis standpoint, the pair is hovering around the 1.3470 support level and is starting to …

japanese-yen

Oil, Crude, trading

Negative trades dominated the prices of US crude oil futures contracts to reflect the upward trend temporarily as a result of the collision with the psychological barrier resistance level of 95.00, explaining during the previous technical report that sneaking below 93.00 leads oil prices to make some random downward movements …

Gold prices incurred significant losses during the previous trading session as part of the downward directional movement, as we expected, touching all the required targets at 1864, approaching the third target by a few points at 1853, only to record its lowest price of $1857 per ounce. Technically, gold prices …

Negative trading continued to put pressure on the EUR/USD pair within the expected negative outlook, approaching by a few points the target published during the previous technical analysis, at 1.0470, only to record the lowest of 1.0490. On the technical side, today the pair’s current movements are witnessing attempts to …

Oil, Crude, trading