Daily Technical Analysis

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

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. …