Daily Technical Analysis

The Canadian dollar found a strong selling point around the required target to be touched yesterday at 1.3470, recording its highest level at 1.3470, to start a rapid decline to the downside, to retest the support level of 1.3380, to witness the intraday movements of the pair around the mentioned …

Oil, Crude, trading

US crude oil futures prices jumped to achieve noticeable gains within the expected upward path during the previous report, surpassing the required retest target of 76.60, recording a high of $77.55 per barrel. Technically, we continue to suggest the bullish daily direction, relying on the positive impulse coming from the …

Limited positive attempts by gold prices to compensate for their recent losses, as yesterday’s movements witnessed an upward variation affected by the speech of the Federal Reserve Chairman, explaining yesterday that we may witness fluctuation in prices at the time of the speech, to record its highest level of 1884 …

Negative trades dominated the pair’s movements within the negative technical outlook, as we expected during the previous technical report, heading towards the first target to be achieved at 1.0660, recording its lowest level at 1.0665. On the technical side, the pair tried to compensate for the losses during the Federal …

Oil, Crude, trading

The positive performance of the Canadian dollar during the first trading of this week within the expected bullish path during the previous technical report, touching the first target at 1.3475, to record its highest level at 1.3475. Technically, the continuation of the simple moving averages provides a positive motive that …

Oil, Crude, trading

US crude oil futures prices reversed the expected bearish trend published during the previous analysis after prices managed to build on the support of the psychological barrier of 73.00. Technically, the 50-day simple moving average still constitutes an obstacle in front of the price. But, on the other hand, we …

Gold prices collided with the previously broken support level, which was transformed into the de facto resistance level at 1880, limiting the limited bullish tendency to force gold to decline again and retest 1862. Technically, we tend in our trading to be negative, relying on the stability of the price …