Daily Technical Analysis

Oil, Crude, trading

Positive movements dominated the Canadian dollar during the previous trading session, recording its highest level yesterday around the strong resistance level located at 1.3170, which succeeded in limiting the bullish bias. Technically, and by looking at the 4-hour chart, we find the 50-day simple moving average that is still trying …

Oil, Crude, trading

Mixed trading dominated the US crude oil futures prices yesterday, recording its highest level at 90.37, and it failed to stabilize for a long time above the 90.00 barriers. However, the current movements are stable at around $88.50 per barrel. Technically, we tend to the positivity in our trading, based …

Gold started the first trading sessions this week on a bullish slope, benefiting from the strong demand point located at 1690 price, to retest the 1726 point during the early trading of the current session. On the technical side today, we find that the 14-day momentum indicator is getting positive …

Quiet trading tilted to the positive during the US market holiday yesterday as EUR found a strong support level around 0.9900, which forced it to rise to retest 0.9970 gradually. Technically and carefully considering the 240-minute chart, we find the euro is struggling to stabilize above the 0.9920 support level …

Oil, Crude, trading

GBP/JPY found a good support area represented by the bearish target of the last report at 160.85, which forced it to rebound to the upside during the early trading of the current session. Technically, the pair was based on the support level of 160.85. However, we find the simple moving …

Positive trading continued to dominate the movements of the Canadian dollar during the previous trading session, touching the bullish target required to be touched at 1.3210, recording its highest at 1.3210. Technically, the current movements are witnessing a bearish tendency after the pair failed to maintain stability for a long …

Oil, Crude, trading