Daily Technical Analysis

Gold prices achieved strong gains within the upward trend during the previous trading session, as we expected, touching the official target station located at $1730 per ounce. Today’s technicals indicate the possibility of continuing the rise, with the positive motive coming from the 50-day simple moving average that supports the …

The euro advanced during the last session’s trading against the US dollar, achieving noticeable gains within the expected technical outlook yesterday, touching the second required official target at 0.9940, recording its highest level around the parity point 1.0000. Technically, we tend in our trading to the positive, relying on the …

Oil, Crude, trading

The Canadian dollar reversed the expected bullish trend yesterday, in which we relied on the stability of trading above the support level of the psychological barrier 1.3700, and as a reminder that the stability of trading below 1.3700 can thwart the proposed scenario and put the pair under strong negative …

Oil, Crude, trading

Mixed trading dominated the US crude oil futures prices during the previous trading session, under the influence of some statements regarding the expected production cut during the OPEC meeting tomorrow. Technically, the current oil movements are witnessing intraday stability above 82.40 accompanied by the positive motive of the 50-day simple …

Positive trades dominated the movements of gold as we expected, touching the official targets at 1689. as we mentioned, rising above 1689 extends gains towards 1705, recording its highest level at 1702 during the early trading of the current session. Technically, and with a careful look at the 240-minute chart, …

The single European currency managed to retest the support mentioned during the previous analysis at 0.9744, recording the lowest level at 0.9752 within the bullish rebound attempts that are approaching to retest the 0.9850 resistance level. On the technical side today, the pair found a strong resistance level at 0.9850, …

Oil, Crude, trading

Positive trading has regained control over the movements of the Canadian dollar after it succeeded in attacking the resistance level of 1.3790, recording its highest level at 1.3840 last Friday. Technically, we tend in our trading to the upside, but cautiously, relying on the continuation of the pair obtaining positive …