Daily Technical Analysis

Oil, Crude, trading

Gold prices found a strong resistance level around 1807, which limited the upside. As indicated during the last analysis, breaching the mentioned level is fundamental to resume the rise. Finding the resistance forced the price to trade negatively again and pushed it to retest the strong support floor 1797. Technically, …

The positive attempts of the euro against the dollar continue within the bullish path published in the previous analysis, to consolidate above the 1.1230 support level, the pair is now hovering around its highest level during the morning session of the current session around 1.1275. Technically, and carefully considering the …

Positive trades dominated the GBP/JPY, but positive trades are still limited due to the pair’s failure to breach the psychological resistance level of 155.00. Technically, with the movement below 155.00 accompanied by the negativity of the stochastic indicator, as shown on the 4-hour chart, this makes the bearish scenario the …

The technical outlook is unchanged, and the pair’s movements did not change significantly, trying to maintain the bullish bias, benefiting from stability above the 1.2665 support level. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get more bullish momentum, in …

Oil, Crude, trading

Oil, Crude, trading

Positive movements dominated gold prices with the beginning of the first trading of this week after it successfully retested the 1780 support level, which forced the price to rebound to the upside, attacking the resistance level of the psychological barrier 1800 during the early trading of the current session. On …

We adhered to neutrality during yesterday’s technical report due to the conflicting technical signals, clarifying that the pair is trying to build a base on the psychological support level 1.1100 to start its daily trading on an upward trend, above 1.1235. On the technical side today, the 4-hour chart indicates …

During the previous report, GBP/JPY achieved the first required target, at 155.00, recording the highest level at 155.02. On the technical side, the pair’s intraday movements are witnessing stability above the support level of 154.50, accompanied by positive signs that started appearing on stochastic, in addition to moving above the …