Oil, Crude, trading
Read More »CAD trying to build on support 28/3/2022
The Canadian dollar succeeded in touching the official price stop required during last Friday’s trading at 1.2480, recording its lowest level at 1.2465. Technically, the pair is trying to build on the 1.2480 level represented by the 50.0% Fibonacci correction, as shown on the chart. We also noticed positive crossover …
Read More »GBP is facing negative pressure 28/3/2022
Oil, Crude, trading
Read More »Gold is building on support 28/3/2022
The 1964 resistance levels limited the bullish bias, which formed strong supply areas that forced gold prices to retest the previously breached resistance-into-support level around 1942. On the technical side, the current gold movements are witnessing stability around the lowest level during the Asian session, around 1942, and by looking …
Read More »Euro fails to break through 28/3/2022
The single European currency opened its first weekly trading with a bearish bias after failing to breach the strong supply area published during the last analysis at 1.1060. It represents one of the most important directional keys that forced the pair to retest 1.0950. Technically, the current movements of the …
Read More »German DAX Building on Support 25/3/2022
Positive moves dominated the German DAX index’s movements yesterday, building on solid support floor 14200, which we previously mentioned as one of the most important directional keys. On the technical side, the 50-day simple moving average has returned to hold the price from below, as we find the 14-day momentum …
Read More »Dow Jones continues to rebound upwards 25/3/2022
Oil, Crude, trading
Read More »CAD Continues to be negative 25/3/2022
Noticeable negative trades dominated the movements of the Canadian dollar within the expected official bearish direction, explaining that trading below 1.2560 opens the way for the pair to visit 1.2480, to be satisfied with recording the lowest 1.2509. From the angle of technical analysis today, and by looking at the …
Read More »British Pound retests support 25/3/2022
Oil, Crude, trading
Read More »Gold Touched The Target 25/3/2022
Gold prices maintained their gains as we expected to reach the official target at 1960, recording its highest level of 1966.00. Today’s technical vision indicates the possibility of resuming the rise, with the price confirming the breach of the 1943 resistance-into-support level and the positive signals coming from the 14-day …
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