Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

Trading tended to be negative, dominating the Canadian dollar’s movements, approaching by a few points the first target to be touched yesterday at 1.3150, to suffice for recording its lowest level at 1.3160. Technically, the technical outlook is as it is, without change, and with a closer look at the …

Oil, Crude, trading

The support levels published during the previous technical report at 73.80, managed to protect the bullish trend as we expected, which forced the US crude oil futures prices to rebound upwards towards the official target 75.70, recording its highest level at $75.90 per barrel. Today’s technical outlook, and with a …

Gold prices maintained the bullish path within the positive outlook, as we expected, in which we relied on the success of gold prices in successfully retesting the main support level 1945, heading to touch the second target 1976, approaching by a few pips at the third stop 1988, recording its …

The EUR/USD pair reached the first official target required to be achieved during the previous technical report, located at 1.1275, recording its highest level at 1.1275. On the technical side, the main resistance represented by the target 1.1275 was able to limit the bullish bias, which forced the pair to …

Oil, Crude, trading

Oil, Crude, trading

Negative movements regained control over the Canadian dollar after it failed to stabilize over the psychological barrier of 1.3200, to start its weekly movements with a bearish bias. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below the support level of …