Daily Technical Analysis

Gold prices succeeded in realizing the idea of ​​the expected bearish bias during the previous technical report, touching the first bearish target required to be achieved at 1755, recording its lowest level at $1754 per ounce. Technically, and with a closer look at the 4-hour chart, we notice the stability …

For the second session in a row, the movements of the Euro-dollar pair did not witness a significant change within a limited bearish tendency that dominated the pair’s movements yesterday, to retest the support level of the psychological barrier 1.0300, maintaining the positive stability above. On the technical side, on …

Oil, Crude, trading

After the Consumer Price Index data release, the Canadian dollar reversed the expected bearish trend during the previous report to rebound to the upside, recording its highest level during yesterday’s trading at 1.3362. Technically, and by looking at the 4-hour chart, we find that the stochastic started entering the overbought …

Oil, Crude, trading

The bearish trend has regained control over the movements of US crude oil futures prices within the bearish technical path, as we expected, approaching by a few pips from the official target of 84.00, recording its lowest level at 84.221. Technically, with the continuation of the negative pressure coming from …

For the second session in a row, gold prices collide with the pivotal resistance level published during all reports of this week at 1787, explaining the importance of this level to the general trend in the short term, which forced gold to trade negatively and now hovering around its lowest …

The technical outlook is unchanged, and the euro’s movements did not change significantly, maintaining positive stability against the US dollar, stable above the strong demand area of 1.0280. On the technical side today, we find the Simple Moving Averages still supporting the upward curve of prices, motivated by the continuation …

Oil, Crude, trading

Strong negative trades dominated the Canadian dollar’s movements within the main bearish trend, as we expected, approaching by a few pips from the official target of 1.3200, recording its lowest level at 1.3224. Technically, we tend in our trading to be negative, relying on the negative pressure coming from the …