Daily Technical Analysis

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

Oil, Crude, trading

Quiet movements tending to the upside dominated the movements of US crude oil futures contracts within the desired upward path, approaching by a few points from the first official target of 82.30, only to record the highest, around $82.00 per barrel. Technically, with a closer look at the 4-hour chart, …

Gold prices achieved the official target required during the previous technical report at 1945, recording its highest level of $1949 per ounce. Technically, we find that gold prices succeeded in basing themselves on the previously breached resistance level and converted into a support level at the price of 1936, accompanied …

Yesterday, the euro presented a positive trading session against the US dollar within the expected positive outlook, in which we relied on confirmation of the pair’s breach of the 1.0880 resistance level, explaining that this is a motivating factor that enhances the chances of touching 1.0915, a first target, and …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar achieved the idea of retesting the support published during the previous technical report, touching the target of retesting the support level of 1.3560, recording its lowest level at 1.3550. Technically, we tend towards negativity in our trading, relying on trading stability below the resistance level of 1.3600, …