Daily Technical Analysis

The Canadian dollar maintained stability within the expected positive technical outlook, touching the official target required to be achieved at 1.3205, recording its highest level at 1.3200. Technically, we find the pair succeeded in forming a good support floor around 1.3120, trying intraday stability above the 1.3170 resistance level. Looking …

Oil, Crude, trading

US crude oil futures prices declined yesterday, nullifying the expected positive outlook, in which we depended on the stability of intraday trading above the 88.00 level, touching the stop-loss order published in the previous analysis at 87.80. We made it clear that breaking the mentioned level puts the oil price …

The prices of the yellow metal hit the strong resistance published in the previous analysis at 17260. we mentioned earlier that it is one of the most important keys to the trend; forcing to trade with clear negativity again. We noted that the decline below 1707 led the gold price …

Mixed trading dominated the movements of the euro against the US dollar, to witness a bearish tendency during the middle of the European session, after it succeeded in pressing the support level of 0.9900 to see a decline near 0.9875, taking advantage of the mentioned level that forced it to …

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 …