Daily Technical Analysis

A strong bearish trend dominated the movements of the euro against the US dollar within the expected negative outlook, reaching the official target at 1.0520, recording its lowest level during the first trading of this week at 1.0475. Technically, looking at the 240-minute chart, we notice the pair’s failure to …

The British pound against the Japanese yen succeeded in achieving the idea of ​​retesting the support published during the previous analysis, touching the first target for the retest at 167.00 and approaching by a few points from the second target of 166.50, recording its lowest level at 166.70. On the …

The Canadian dollar jumped, achieving strong gains during the previous trading session, within the idea of ​​the expected bullish bias, bypassing the official target price station 1.2660, to record the highest level at 1.2710. Technically, and with the pair beginning to attack the resistance level of the psychological barrier, we …

Oil, Crude, trading

Sideways trading in a narrow range still dominated gold’s movements, confined from the bottom above the support level of 1838 and above below the resistance level of 1855. Technically, and by looking at the 4-hour chart, we tend to the negativity, relying on the price stability below 1850, and the …

The single European currency declined noticeably during the previous trading session. Therefore, we adhered to intraday neutrality in the last analysis, explaining that activating short positions is confirmed by breaking 1.0670, targeting 1.0600, to record the pair’s lowest level at 1.0610. Technically and carefully considering the 4-hour chart, we find …

Oil, Crude, trading

Oil, Crude, trading

GBP/JPY touched all the ascending targets published during the previous analysis, reaching the official target station in the last report at the price of 168.80, recording its highest level of 168.75. On the technical side today, and by looking at the hourly chart, the overbought signs started appearing on the …

The movements of the Canadian dollar witnessed a positive trading session within the idea of ​​a bullish bias, as we expected during the previous analysis, building on the 1.2500 support floor to achieve a bullish slope that targeted a retest of 1.2570. From the technical analysis point of view today, …