Daily Technical Analysis

Limited sideways trading tended to the negativity dominating the movements of the euro against the US dollar, and the current moves are witnessing the stability of the pair’s exchange rate below the parity point of 1.0000, which constitutes a pivotal level for the current trading levels. Technically, by looking at …

Oil, Crude, trading

The Canadian dollar achieved the first target required to be touched during the previous analysis, at 1.3245, recording its highest level during the morning session of the current session at 1.3255. Technically, the Canadian dollar continues to achieve gains based on the positive motive coming from the simple moving averages …

Oil, Crude, trading

Divergent movements dominated the prices of US crude oil futures yesterday, after it failed to confirm the breach of the pivotal supply area published during the previous analysis at 89.10, explaining that it is an important and basic condition for the continuation of the rise, which forced it to move …

Gold prices incurred heavy losses yesterday amid selling within the bearish directional movement, as we expected, bypassing the official target station 1680, heading near the next station 1650, to settle for its lowest level at $1660 per ounce. On the technical side, the simple moving averages still support the daily …

Limited sideways trading dominated the EUR/USD pair’s movements during the previous trading session, to find that the movements were restricted between 0.9960 and 1.0000. From the technical analysis angle, and by looking at the 4-hour chart, we find positive crossover signs that started appearing on the stochastic indicator, in addition …

Oil, Crude, trading

The technical outlook is unchanged, and the movements of the Canadian dollar did not change much, maintaining the positive stability we expected after it confirmed the breach of the 1.3120 resistance level. Technically, and with a careful look at the 4-hour chart, we find the simple moving average has returned …

Oil, Crude, trading