Daily Technical Analysis

Gold prices touched the bullish target at the price of 1929, heading to visit the second target of 1933, recording its highest level at $1938 per ounce. Today’s technical vision indicates the possibility of resuming the rise, relying on gold prices continuing to receive a positive incentive from the simple …

The euro achieved significant gains against the US dollar during the previous trading session within the expected bullish context, in which we relied on confirming the breach of the 1.0850 resistance level, explaining that this is a catalyst that enhances the chances of an increase to visit 1.0880, for the …

Oil, Crude, trading

Oil, Crude, trading

Positive trading dominated the Canadian dollar’s movements, and it is still stable below the resistance of the psychological barrier of 1.3600, unable to consolidate above it until now. Technically, today, 1.3600 level started to form a strong resistance that pressures the pair, accompanied by the clear negative signs on stochastic …

japanese-yen

Oil, Crude, trading

Limited positive attempts dominated the movements of US crude oil futures prices, failing to breach the main resistance of the current trading level at 80.60. Technically, by looking closely at the 240-minute chart, we notice clear negative signs on the stochastic indicator, which is gradually losing bullish momentum and trading …

Positive trading dominated gold’s movements at the beginning of this week’s trading within the expected bullish path during the previous technical report, in which we relied on stability above the 1913 level, touching the first desired target of 1924, recording its highest level at $1925 per ounce. Technically, we find …

We adhered to intraday neutrality during the first trading sessions of this week due to the inconsistency between the technical signals, to find the EUR/USD pair trying to recover and now hovering around its highest level during the early trading of the current session at 1.0836. On the technical side …