Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

Gold managed to retest the support line of the ascending price channel shown on the chart located at 1825, maintaining the bullish bias and hovering around its highest level during the early trading of the current session 1844. Technically, and carefully looking at the 4-hour chart, we notice the regularity …

The Euro started pressure on the solid support level at 1.1280 in a negative trading session yesterday, after the single European currency found selling orders at the main supply point 1.1380. Technically, and by looking at the 4-hour chart, we notice the negative pressure coming from the simple moving averages. …

GBP/JPY declined noticeably yesterday after it failed to maintain trading above the 155.50 support level, explaining that the decline below the mentioned level puts the price under negative pressure to target 155.10 and 154.70, to record the pair’s lowest level at 154.45. On the technical side, there may be a …

The Canadian dollar is trying to build on the pivotal demand point published during all reports of the current week, located at the price of 1.2465/1.2460, which is trying to protect the pair from achieving more declines and forcing it to retest the 50-day moving average around 1.2540 resistance level. …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices found a strong resistance level at 1847, which we mentioned during the previous analysis that breaching it is a basic and important condition to continue the rise. Technically, the intraday movement of gold is witnessing stability below the mentioned resistance. However, by looking at the 4-hour …

The strong supply area published yesterday, at 1.1370, managed to limit the bullish bias witnessed by the euro against the US dollar, which forced it to trade negatively, to retest the psychological support level 1.1300. On the technical side, the movements are witnessing a downward tendency, between 1.1300 and 1.1370. …