Daily Technical Analysis

Negative trading continues to dominate gold’s movements within the expected bearish context, to find the price traded negatively as soon as it approached the pivotal resistance level at 1660, which forced it to retest 1630. Technically, and by looking at the 4-hour chart, we notice the 50-day simple moving average …

The single European currency found a good demand area around the posted level during the last analysis at 0.9850 within the bullish rebound attempts that are still limited. Technically, and carefully considering the 4-hour chart, we find the euro is still stable below the parity point against the US dollar, …

Oil, Crude, trading

The technical outlook is unchanged, and the movements of the Canadian dollar did not change, maintaining the expected bearish context and the regular movements within the descending channel. Technically and carefully considering the 4-hour chart, we find the simple moving averages continuing their negative pressure on the price from above, …

Oil, Crude, trading

A weak bullish trend dominated the movements of US crude oil futures yesterday, within the expected bullish context, touching the first target required to be achieved at 89.60, recording the highest level at 89.80. Technically, we tend in our trading to the positive, but cautiously, relying on the positive stimulus …

Narrow sideways trading tended to the negativity that dominated gold’s movements during the previous session, under pressure from the rise of the US dollar, reaching the lowest of 1654, after it failed to cross upwards to the resistance level of 1670. Technically, the 50-day simple moving average is trying to …

The single European currency reversed the bullish trend despite the European Central Bank raising interest rates by 75 basis points to return to stability below 1.0000. On the technical side, we find the 50-day simple moving average still carrying the price from below, supporting the possibility of a rise. On …

Oil, Crude, trading

The Canadian dollar achieved the negative targets required during the previous technical report to reach the first target at 1.3545, approaching by a few points from the second target of 1.3495, recording the lowest level at 1.3505. Technically and carefully considering the 4-hour chart, we find the simple moving averages …