Daily Technical Analysis

The Canadian dollar failed to surpass the pivotal resistance level published in the previous report at 1.3.680, explaining that it represents the key to protecting the bearish trend, which forced it to trade with noticeable negativity to break the support level of the psychological barrier of 1.3600, heading to visit …

Oil, Crude, trading

As we expected during the previous technical report, big losses were incurred by the prices of US crude oil futures contracts, touching the official target to be achieved at 73.40, recording its lowest trading for yesterday’s session at 72.80. Technically, with the continuation of the negative pressure coming from the …

Gold’s movements showed an upward trend within the expected technical path in the previous report, touching the first official target station at the price of 1865, recording its highest level at 1865. Technically, the daily trend is still bullish, with the simple moving averages continuing to provide a positive impulse, …

We adhered to our intraday neutrality during the previous report, due to conflicting technical signals, to find the EUR/USD pair moving in a narrow path confined from below above the support level of 1.0520, and from above below the resistance level of 1.0630. On the technical side today, we find …

Oil, Crude, trading

Positive trades dominated the movements of the Canadian dollar during the previous trading session after it confirmed the breach of the resistance level of the psychological barrier 1.3600, explaining that this may motivate the pair to visit 1.3660 and then 1.3700, recording the highest 1.3685. Technically, the simple moving average …

Oil, Crude, trading

Mixed movements tending to be negative dominated the prices of US crude oil futures contracts after it found a strong resistance level around the target to be achieved of 81.25, to record its highest level at 81.41 and start forming a solid negative attack. As a reminder, the previous technical …

Gold prices managed to touch the required official target at 1850, recording its highest level at 1850, to decline significantly due to touching the pivotal resistance level of 1850 represented by the target, which forced the price to trade negatively to retest 1828 support. Technically, and with a closer look …