Daily Technical Analysis

The technical outlook remains unchanged, and the movements of the Euro-dollar pair did not change, within a sideways path between 1.0630 and above 1.0700. Technically, today, the euro-dollar pair is still stable below the resistance level of the psychological barrier 1.0700. However, upon closer look at the 240-minute chart, we …

Oil, Crude, trading

The Canadian dollar started its weekly trading upward, benefiting from the intraday consolidation above the 1.3430 support. The pair’s current movements are witnessing stability around its highest level during the morning trading of the current session, around 1.3475. Technically, we are positive in our trading depending on the pair receiving …

Oil, Crude, trading

US crude oil futures prices incurred significant losses by the end of last Friday’s trading week after dealers abandoned the long-term position, recording a low of $75.36 per barrel. Technically, we are negative depending on the stability of daily trading below the strong resistance level of 78.00, accompanied by the …

By the end of last week’s trading, gold prices were able to touch the first official stop for the current downward wave, as we mentioned at the price of 1828, recording its lowest level at $1821 per ounce. Technically, gold prices attempted to recover and compensate for part of their …

Quiet trading dominated the movements of the EURUSD at the beginning of this week amid the absence of economic indicators, in addition to the holiday in the US markets yesterday, which led to a decline in trading volumes. Technically, today, the EUR/USD pair started trading on a negative note and …

Oil, Crude, trading

A bullish tendency dominated the movements of the Canadian dollar yesterday. However, as a reminder, we remained neutral for the moment due to the conflict between the technical signals, explaining that activating buying positions depends on confirming the breach of 1.3380 to target 1.3410 & 1.3460, to suffice for recording …

Oil, Crude, trading