Negative trading has regained control over the movements of the Canadian dollar after it failed to stabilize for a long time above the strong resistance level published during the previous analysis at 1.2930, which forced it to trade negatively again. Technically, the pair’s current movements are witnessing a return to …
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Oil, Crude, trading
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Gold prices witnessed a positive trading session, compensating for its losses last Friday, nullifying the idea of resuming the decline, in which we relied on stability below the 1779 resistance level. Instead, recording a high of 1790. Technically, by looking at the 4-hour chart, we find the simple moving average …
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The movements of the EUR/USD pair witnessed positive attempts at the beginning of the first trading of this week, but still limited positive, with the stability of trading below the resistance level of 1.0240. The technical aspect refers to the conflict of technical signals, and we note the negative pressure …
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Oil, Crude, trading
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Positive trading dominated the movements of the pound sterling against the Japanese yen within the bullish context, as we expected touching the first target to be achieved 162.60 and approached by a few points from the second target of 163.60, recording its highest level at 163.47. On the technical side …
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The Canadian dollar showed some bullish bias during the last trading sessions of last week, after several consecutive sessions during which it did not show any movements, to retest the 1.2885 resistance level. Technically, we find the pair succeeded in stabilizing above 1.2885, the previously breached resistance, which is now …
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Oil, Crude, trading
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The negative performance of gold prices at the end of last week’s trading resulted from the US dollar gaining positive momentum after the US jobs data exceeded expectations, reaching its lowest level at 1765, recording the highest near 1794. Today’s technical vision indicates the possibility of resuming the decline, based …
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The single European currency ended its weekly trading with a decline with the rise of the US dollar, which received support from the positive US employment data, as the EUR/USD pair recorded as low as 1.0140. Technically, by carefully looking at the 240-minute chart, we notice the price stability below …
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