Daily Technical Analysis

Mixed trading dominated the movements of the euro-dollar, heading to approach the first official station targeted during the previous report 1.0300, to settle for recording the highest level at 1.0293, which formed a strong resistance level around the psychological barrier that forced the pair to the downside to retest the …

Oil, Crude, trading

The British pound fell against its Japanese rival significantly, at the beginning of this week’s trading, within the expected negative outlook during the previous analysis, touching the first awaited target at the price of 160.40, recording its lowest level at 160.03. Technically, the bearish trend is still dominating the pair’s …

The movements of the Canadian dollar witnessed attempts to recover at the beginning of the first trading sessions of this week. However, it is still limited to facing a strong resistance level around 1.2880/1.2870. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average …

Oil, Crude, trading

Gold prices continued to achieve gains for the fourth consecutive session, reaching the first target of the previous analysis at 1780, recording its highest level at 1780 during the early trading of the current session. Technically, by looking at the 4-hour chart, we notice the price stability above the 50-day …

Quiet trading tilted to the positive, dominating the euro’s movements against the US dollar within the expected bullish path during the previous report, touching the first awaited target at 1.0275, recording the highest level at 1.0293. On the technical side, today, we find the bullish scenario still valid, relying on …

Oil, Crude, trading

GBP/JPY starts its first weekly trading with a solid bearish tendency after it failed to maintain trading above 162.10, recording its lowest level during the early trading of the current session at 161.27. Technically, the daily trend is still bearish due to stability below the previously broken support-into-resistance, which is …

The negative pressure returned to control the movements of the Canadian dollar after it found a strong resistance level at 1.2855, which forced it to trade negatively to retest 1.2790. Technically, taking a closer look at the 4-hour chart, we are inclined to the negativity based on stochastic losing the …