Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

Positive trading dominated the prices of the yellow metal during yesterday’s session within the expected positive outlook, touching the second official target station at 1827, recording the highest of 1829. On the technical side, gold prices hit a strong resistance area, which forced the price to move negatively again. With …

The single European currency witnessed attempts to rise during yesterday’s trading session, but there are still limited gains, recording the highest level at 1.1346, trying to build on the 1.1270 support level. Technically, by carefully looking at the 240-minute chart, we notice that the 50-day moving average is still a …

The German DAX index managed to touch the official bullish target required to be achieved during the last report at 16185, recording its highest level at 16,188. On the technical side, and carefully looking at the 60-minute chart, we tend to be positive, but very cautiously, relying on the price’s …

Oil, Crude, trading

Positive trades dominated the movements of the pound sterling against the Japanese yen within the expected bullish path during the previous analysis, exceeding the second target that is required to be achieved at 156.70, recording the highest level at 157.43. On the technical side today, we expect a bearish bias …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on trading below the strong demand level of 1.2700. We are witnessing a negative trading session with the initial target of retesting 1.2640. CAD is recording its lowest …

Oil, Crude, trading

Oil, Crude, trading