Daily Technical Analysis

US crude oil futures prices could continue achieving the bearish targets as we expected, bypassing the official price target station of 86.50 to record the lowest level at 85.97. On the technical side, the current movements are witnessing a bullish trend, as a result of the price gaining positive momentum …

Substantial losses dominated gold prices during the previous trading session, within the expected negative outlook, touching the first target that is required to be achieved at 1695, and it is approaching by a few points from the second target 1686, to be satisfied with recording $1688 per ounce. Technically, by …

After several consecutive sessions in which we committed ourselves to neutrality due to conflicting technical signals and trading within a narrow sideways range between 0.9980 and 1.0050, and after several attempts by the euro to consolidate against the dollar, yesterday’s trading witnessed a bearish tendency. We pointed out that breaking …

Oil, Crude, trading

GBP/JPY could not achieve the idea of retesting the resistance level 162.40 to complete the mentioned descending official path, touching our desired target at 160.85. Technically, the negativity of Stochastic supports the possibility of a downside move, which comes in conjunction with the negative pressure from the simple moving averages. …

A bullish trend dominates the movements of the Canadian dollar within the expected positive outlook this week after the pair established a solid support floor of around 1.2860, achieving the required target yesterday at 1.3130 and heading to touch the second target of 1.3185. Technically, the pair started its daily …

Oil, Crude, trading

Significant losses witnessed the movements of US crude oil futures prices after it failed to maintain trading above the main support level of 93.50 to start a strong downward trend as we expected yesterday, surpassing the required target of 89.50 to record its lowest level at 88.23. Technically, prices settled …

Gold prices achieved noticeable losses within the expected negative outlook, in which we relied on the stability of trading below the broken support level 1729, heading to touch the bearish targets 1716 and 1708, and approaching by a few points at the official station 1700, recording its lowest price during …

We adhered to intraday neutrality during the previous report due to the conflicting technical signals, in addition to trading within a narrow range from above 0.9980 and below 1.0040, to see the euro tried to form a bullish attack during the last session’s trading, explaining that consolidation above the extended …