Daily Technical Analysis

. Quiet trading tended to be negative but limited at the beginning of the week, amid the US markets holiday, to find the EUR/USD pair stable intraday above 1.0900. Technically, and with a closer look at the 4-hour chart, the simple moving averages continue to hold the price from below, …

Oil, Crude, trading

Trading tended to be negative, dominating the Canadian dollar’s movements within the expected bearish context, approaching by a few points away from the target to be achieved during the previous report at 1.3260, recording its lowest level at 1.3270. Technically, the current movements of the pair witness a limited bullish …

Oil, Crude, trading

Crude oil futures prices declined significantly after failing to stabilize for a long time above the psychological barrier of $70.00, and the intraday movements are witnessing stability near its lowest level during the early trading of the current session, $97.95. Technically, with the continuation of moving below the simple moving …

For several consecutive sessions during the current week’s trading, we have committed ourselves to remain neutral due to the movements of gold prices in a confined sideways price range, from the bottom above 1945 and from the top below 1977, explaining that the activation of selling positions begins with a …

. Remarkable gains dominated the performance of the Dow Jones Industrial Average on Wall Street, within the positive outlook, as we expected, touching the official bullish target stations, reaching the last target of 34,130, recording its highest level of 34,112. Technically, we tend to be positive, relying on the index’s …

Oil, Crude, trading

The technical outlook is unchanged, and the Canadian dollar did not witness a significant technical change, maintaining the bearish context. The pair’s intraday movements are stable below the resistance level of 1.3390. Technically, the pair breached the support level at 1.3420 and turned into a resistance level according to reciprocating …

Oil, Crude, trading