Daily Technical Analysis

During all reports of this week, a bearish trend dominated gold prices within the expected bearish path, explaining that exit from that range depends on breaking 1820 and 1842, as activating selling positions requires breaking 1820 and targeting 1800. Technically, the simple moving averages are still pressing the price from …

Bearish movements dominated the euro against the US dollar within the expected negative outlook during the previous analysis, touching the first target of 1.0400 and approaching by a few points the second target of 1.0375, recording its lowest level at 1.0382. On the technical side, the trading witnessed a little …

Oil, Crude, trading

GBP/JPY was able to approach by a few points from the target published during the last analysis at 165.30, recording its lowest level at 165.40. On the technical side, we tend to be positive but cautiously, relying on the clear positivity features on stochastic, in addition to the intraday pivot …

The Canadian dollar benefited from the strong support floor published during the previous analysis, located at the price of 1.2840, which was the target to be touched, to force the pair to maintain the bullish path to retest the resistance of the psychological barrier of 1.2900. Technically, and by looking …

Oil, Crude, trading

After several consecutive sessions in which we committed to neutrality due to the range that dominated the movements of gold during this week’s trading, activating the selling positions requires a clear and strong break of the 1820 level, targeting 1810, touching a target of 1811. On the technical side, today, …

The euro failed to maintain its recent gains against the US dollar after its inability to stabilize above the resistance level of 1.0500, which forced it to break the psychological support level of 1.0500. It is currently trading around the support level of 1.0460. Technically, and with careful consideration of …

Oil, Crude, trading

GBP/JPY fell significantly after it failed to maintain trading above the 167.00 level, targeting 165.13. On the technical side, today, the apparent negative features on the RSI and its stability below the mid-line 50, a technical factor that supports the decline, and this comes in conjunction with the pair’s stability …