Daily Technical Analysis

It is hovering around its highest level during the current session at 1.3615. Technically, and with a closer look at the chart, the simple moving averages continue to support the daily bullish price curve. On the other hand, signs of negativity began to appear on the stochastic indicator, which started …

Oil, Crude, trading

The US crude oil futures prices incurred significant losses yesterday, recording a low of around $71.47 per barrel. Technically, and with the regularity of work within the bearish channel shown on the 4-hour chart, in addition to the continuation of the negative intersection of the simple moving averages that pressures …

Gold prices jumped, achieving significant gains during the previous trading session, recording its highest level of $2019 per ounce. Technically, and by looking at the 4-hour chart, we find that gold prices liberated from the symmetrical resistance triangle we referred to during the previous analysis. We find that the simple …

Trading tended to be positive, dominating the movements of the euro-dollar pair during the previous trading session as part of attempts to stabilize above the resistance level of 1.1000. On the technical side today, the pair’s intraday movements are witnessing attempts to stabilize above the breached resistance level at the …

The Canadian dollar approached the first target during the previous trading session at 1.3650, recording its highest level at 1.3645. Technically, and by looking at the 4-hour chart, we renew that the pair started to exit from the ascending channel, and we find that the relative strength index started to …

Oil, Crude, trading

Mixed trading tended to be positive, dominating the movements of the US crude oil futures contracts during the previous trading session, trying to take advantage of the support base for the psychological barrier of 74.00 within limited attempts to achieve some bullish rebound. Technically, the simple moving averages continue to …

Negative trading dominated gold prices yesterday, explaining that the failure to breach the pivotal resistance level 2006 increases the possibility of the corrective decline to target 1985 and 1971, recording its lowest level at $1972.00 per ounce. Today’s technical vision indicates the possibility of continuing the decline, depending on the …

A limited bearish tendency dominated the movements of the EUR/USD pair during the previous trading session due to the selling pressure around the 1.1060 resistance level, which led the pair to retest the 1.1000 support. On the technical side today, and with a closer look at the 4-hour chart, we …