Daily Technical Analysis

The general bearish directional movement still dominates the movements of Euro against USD within weak bullish attempts that targeted a retest of 0.9700, and it returns to trading negatively again. On the technical side, with a closer look at the 240-minute chart, we find that the negative crossover of the …

Oil, Crude, trading

The Canadian dollar continues its attempts to maintain the bullish path after it retested the strong support floor located at 1.3400, forcing it to rebound to the upside once again within the expected bullish context. From the technical analysis point of view, we tend to rise cautiously, relying on the …

Oil, Crude, trading

Negative trading has regained control over the price movements of US crude oil futures after it failed to stabilize for a long time above the 85.00 barriers, recording its lowest level at 82.45. Technically, by looking at the chart, we find the simple moving averages continuing the negative pressure on …

The solid resistance levels mentioned during yesterday’s technical report, located at 1680, could limit the bullish bias that occurred during the previous session to make gold fail, explaining that it represents the key to protecting the bearish trend. Technically, the current moves are witnessing stability below 1680, accompanied by the …

The resistance levels published during the previous analysis, at 0.9900, managed to limit the temporary rise witnessed by the EUR/USD pair yesterday, to return to trading negatively within the expected bearish path. On the technical side, and carefully looking at the 240-minute chart, we find a bearish technical structure that …

Oil, Crude, trading

The Canadian dollar continues its sharp successive rise within the expected bullish context, surpassing the first target required to be achieved at 1.3425, recording its highest level at 1.3532 during the early trading of the current session. From the technical analysis point of view, the pair succeeded in breaching the …

Oil, Crude, trading