Daily Technical Analysis

Gold prices continue to decline gradually to the downside within the expected bearish context, approaching achieving the first target of the previous analysis of 1935, to witness the current movements’ lowest level during the morning trading of today’s session, $1939 per ounce. Today’s technical vision indicates the possibility of continuing …

The Eurodollar pair opened its weekly trading, to move within the bearish trend, and starting with an initial breach of the support level of 1.0730, to witness the current movements of the pair stabilizing around the psychological barrier of 1.0700. Technically, we tend in our trading to be negative, relying …

Oil, Crude, trading

Significant gains were witnessed by the Canadian dollar’s movements yesterday within the bullish path published during the previous technical report, touching the first target to be achieved at 1.3650, recording its highest level at 1.3654. Technically, and by looking at the 4-hour chart, we find that the simple moving averages …

Oil, Crude, trading

US crude oil futures declined, invalidating the positive outlook as we expected, in which we relied on trading stability above 73.40, touching the stop loss order, and recording a low of 71.04. Technically, the current movements are stable below the previously broken support at 71.55, represented by 61.80% Fibonacci correction, …

Gold prices achieved the negative consideration, as we expected within the corrective decline mentioned during the current week’s trading, touching the required official station 1945 and touching the additional target 1936, recording its lowest level at $1936 per ounce. Technically, the intraday movements witness stability above 1945, Fibonacci correction 50.0%. …

A negative trading session dominated the movements of the euro-dollar pair during the previous trading session, within the expected bearish path, recording its lowest level at 1.0707. From the point of view of technical analysis today, the pair is currently hovering around the 1.0730 support level, represented by a Fibonacci …

Oil, Crude, trading

Due to conflicting negative signals, we adhered to intraday neutrality in the previous report, explaining that activating buying centres depends on breaching 1.3500 to target areas of 1.3570, surpassing the required target, and recording its highest level at 1.3613. Technically, and with a closer look at the 4-hour chart, the …