Daily Technical Analysis

Mixed trading dominated the prices of US crude oil futures contracts at the beginning of this week’s trading, recording a low of $64.40 per barrel. Oil prices are trying to provide some recovery, benefiting from the intraday stability above 65.60. However, upon closer look at the chart, we find that …

Gold prices continue to achieve successive increases to begin the first trading of this week on the rise, recording its highest level of $2009 per ounce, to begin a rapid decline to the downside, ending the previous session’s trading around 1978. On the technical side today, a closer look at …

Quiet movements dominated the euro-dollar pair with a gradual rise to the upside, recording its highest level during the previous session’s dealings, near the pivotal resistance of 1.0740. From the angle of technical analysis and by looking at the 240-minute chart, we notice that the 50-day simple moving average continues …

The Canadian dollar is facing negative pressure since the beginning of this week’s trading, as the movements of the previous trading session witnessed a bearish trend, recording its lowest level at 1.3650. Technically, we notice the beginning of the negative pressure at the support level of 1.3680, accompanied by the …

Oil, Crude, trading

US crude oil futures prices incurred significant losses during the previous trading session amid intense selling operations, recording a low of $70.83 per barrel. Technically, the simple moving averages continue the negative pressure on the price from above and support the possibility of continuing the bearish gap. This comes with …

Positive movements dominated gold prices, but within a narrow path, recording its highest price at $1914 per ounce, trying to benefit from stability above 1895. Technically, and with a closer look at the 240-minute chart, we find that the price is stable above the 50-day simple moving average, and the …

Narrow sideways trading that tends to be positively dominated the movements of the euro-dollar pair during the previous trading session, trying to breach the pivotal resistance level of 1.0745, recording its highest level at 1.0760, but ended the transactions below the mentioned level. On the technical side today, by looking …

Oil, Crude, trading

The Canadian dollar hit the resistance level of 1.3860 after attempting to approach the target mentioned in the previous report, 1.3890, to trade negatively again below 1.3780. Technically, the current movements are witnessing a bearish direction accompanied by the negative pressure of the simple moving averages, which returned pressure on …