Daily Technical Analysis

Oil, Crude, trading

Gold prices witnessed significant losses during the last session within the expected bearish path, heading to touch the official target 1797, bypassing the official station, touching the next target 1790, recording its lowest price of 1791. Technically, the bearish trend is still intact today due to the negative pressure coming …

The euro faced noticeable losses against the US dollar during the previous trading session, within the expected path, touching the first official goal at 1.1160, approaching the second target of 1.1120, recording its lowest level at 1.1130. Technically, and by carefully looking at the 4-hour chart, we notice that the …

The German DAX index witnessed a negative trading session after it found negative pressure to hit the resistance level 15,540, which forced it to retest 15,185. On the technical side, today, we tend to the negativity, considering that the RSI gained more bearish momentum due to stabilizing below the mid-line …

Oil, Crude, trading

The negative trades regained control over the movements of the British pound against the Japanese yen after it hit the resistance level of 154.75 to start its daily trading on a bearish slope. On the technical side today, and carefully looking at the 60-minute chart, we notice the clear negative …

The Canadian dollar built on a solid support floor published during the previous analysis at 1.2565, explaining that the mentioned level can push the pair upwards, targeting 1.2700, to record the highest level during the morning trading session at 1.2715. Technically, we tend to the upside, relying on the breaching …

Oil, Crude, trading

Oil, Crude, trading

Gold prices reversed the expected bullish tendency during the previous analysis. We relied on the stability of trading above the support line of the ascending price channel located at 1825. As we mentioned, any attempts to break the mentioned level can stop the bullish trend and start negative pressure on …