Daily Technical Analysis

Trading tended to be negative and dominated the Canadian dollar’s movements, with the beginning of trading this week recording its lowest level yesterday at 1.3180. Technically, the current movements of the pair witness a limited bullish bias, benefiting from the attempt to stabilize above the support level of 1.3180, and …

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures contracts yesterday, within a negative path, and the intraday oil movements are still stable below the resistance level of 71.55. Technically, the 50-day simple moving average pushes the price to the upside. On the other hand, negative features still dominate …

Quiet, negative trading dominated gold prices during the first trading of this week amid the US market holiday after gold prices found it challenging to maintain the bullish path. Technically, today, we tend to be negative in our trading, relying on the stability of the price below the simple moving …

. 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 …