Daily Technical Analysis

Narrow sideways trading dominated the movements of the EUR/USD pair within a bullish path to retest the strong resistance level published during the previous analysis at 1.0920, unable to be breached until now. On the technical side today, the pair’s movements did not show any significant change, and by looking …

Oil, Crude, trading

After attempts to rise, the Canadian dollar found a strong resistance level of around 1.3550 to find the resistance above. It started to form negative pressure on the price within a sideways path it cannot breach until now. Technically, we find the Canadian dollar stable above the floor of support …

Oil, Crude, trading

We remained neutral during the last technical report due to conflicting technical signals, explaining that risks are still high amid diverging technical indicators. As a reminder, we indicated that the price’s decline below 80.00 leads oil prices to visit 79.65, recording the lowest 79.66. Technically, we tend to be negative …

Mixed trading dominated gold prices during last Monday’s session, to start to decline after it recorded its highest level of $2007, within an additional downward trend that tested the 1980 support floor. Technically, and by looking closely at the 240-period chart, we find that gold prices are still stable above …

Quiet movements dominated the eurodollar pair during the first trading of this week, within the expected bearish context during the previous technical analysis, during which we indicated that there is a possibility of a bearish bias, targeting 1.0870, for the pair to reach the required target at 1.0830. On the …

Oil, Crude, trading

Oil, Crude, trading

Due to conflicting technical signals, we adhered to intraday neutrality during the previous technical report, explaining the importance of monitoring the price from below 79.20 and above 80.85. Technically, prices failed to stay long above the resistance level of 80.85. Therefore, the stochastic indicator gradually lost bullish momentum, supporting the …