Daily Technical Analysis

The Canadian dollar achieved the first bearish target required to be touched during the previous technical report at 1.500, recording its lowest level at 1.3490. Technically, by looking at the 4-hour chart, we find the simple moving averages continuing to exert negative pressure on the pair, in addition to trading …

japanese-yen

Oil, Crude, trading

US crude oil witnessed a strong rise in futures prices within a positive outlook, as we expected, touching the official target of the previous technical report at 83.20, recording its highest level during early trading of the current session, $83.80 per barrel. Technically, we find the price stable momentarily above …

Gold prices found it difficult to break the pivotal resistance level published in the previous report at 1945, in which we explained how important it is to the current trading levels, to force gold prices to retest 1938. Technically, the 50-day simple moving average still protects the price, and we …

The EUR/USD pair reversed the expected upward trend during the previous technical report under negative pressure from negative inflation data, invalidating the positive outlook in which we relied on trading stability above 1.0880 at the time the report was issued, explaining that the trading stability below 1.0870/1.0880 with the closing …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated the movements of the Canadian dollar within the retest technique, as we explained during the previous technical report, touching the first target required to be retested at the price of 1.3530, recording its lowest level at 1.3513. The technical outlook remains unchanged, and the pair’s movements have …

japanese-yen