Daily Technical Analysis

We adhered to intraday neutrality during yesterday’s session due to a conflict in the technical signals, explaining that we are observing the price behaviour of gold from the bottom above 1729 and above around 1757. On the technical side, gold begins today by attacking the strong resistance located at 1757, …

Quiet trading tended to the little positivity that dominated the movements of the euro against the dollar within attempts to benefit from the psychological barrier’s support level of 0.9900, to start the morning’s trading within an upward bias and hovering around the highest level recorded during the Asian session around …

Oil, Crude, trading

The pound fell against the Japanese yen within the bearish bias published in yesterday’s technical report, touching the first target required to be achieved at 161.00, recording its lowest level at 160.80. Technically, we tend to the negativity in our trading, relying on the clear negative crossover on the simple …

The Canadian dollar was able to retest the support as we explained yesterday, touching the required retest target at 1.2950, recording yesterday’s low of 1.2930. Technically, the pair was able to build on the 1.2930 support floor accompanied by positive signs coming from the 14-day momentum indicator on the short …

Oil, Crude, trading

As we expected, US crude oil futures prices achieved noticeable gains, touching the official target price station during the last analysis at 94.00, recording its highest level of 94.19. Technically, the positive motive from the simple moving averages supports the continuation of the rise, which comes in conjunction with the …

We adhered to intraday neutrality during the previous session, explaining the importance of the current trading levels, in addition to the conflict in the, explaining that the continuation of gold prices above the recorded bottom $1727 increases the probability of touching $1472 and $1755 respectively, to touch the required target, …

The EUR/USD pair found a strong resistance level at 1.0015, that mentioned in the previous analysis, explaining that it represents one of the most important keys to the current bearish trend, which forced it to trade negatively again. Technically, the pair is currently hovering around the 0.9945 level, accompanied by …

Oil, Crude, trading