Daily Technical Analysis

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

The price of US crude oil futures witnessed mixed movements during the last trading session to start achieving the expected bearish scenario during the middle of yesterday’s session, touching the required target 77.30, to return to the bullish rebound to test the resistance level of 79.00. Technically, the price moved …

A bearish trend, as we expected, dominated gold prices, touching the first target to be achieved at the price of 1838, and approaching by a few points from the official target station 1828, recording its lowest level at 1830. Technically, by looking at the 240-minute chart, the stochastic is trying …

The single European currency declined significantly against the US dollar, within the downside track, as we expected during the previous technical report, touching the first target to be achieved at 1.0680, to record its lowest level at 1.0660. On the technical side today, we find the EUR/USD pair achieved some …

Oil, Crude, trading

The Canadian dollar is repeating attempts to rise. However, trading is still within a narrow path confined from below, above the support level of 1.3330, and from above, below the resistance level of 1.3380. Technically, the stochastic indicator sent positive intersection signals in the 240-minute timeframe. Furthermore, we find the …

Oil, Crude, trading