Daily Technical Analysis

Mixed trading dominated gold prices at the end of last week’s trading. Trading is still limited to a short, unclear stable trend from below, above the demand area 1770, and below the main supply area of 1799. Technically, despite the temporary bullish bounce, gold prices are still moving within an …

The single European currency found a solid support floor around the main key published in the previous analysis, at 1.1260, Technically, the pair’s movements are witnessing stability above 1.1260, and the simple moving averages returned to hold the price from below, accompanied by some positive signs from the stochastic indicator. …

For the second consecutive session, the German DAX index failed to stabilize above the pivotal resistance level at 15840 prices, forcing it to trade with intraday negativity. Technically, we notice some clear negative signs on stochastic, gradually missing the bullish momentum, which might push the index to trade negatively in …

Oil, Crude, trading

For the third consecutive session, the Pound against the Yen succeeded in maintaining the trading level above the support floor published during the previous analysis, at 149.50, which forced it to provide some bullish bounce. On the technical side today, the current movements are witnessing an upward bias due to …

The Canadian dollar provided a positive trading session, retesting the previously broken support-into-resistance, touching our required target of 1.2730, recording the highest level at 1.2723. Technically, we tend to the positivity, relying on the pair’s pivot at the 1.2660 support level, accompanied by the positive motive for the 50-day moving …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged, and there was no significant change in gold’s movements for the third consecutive session, maintaining the same technical conditions within the short trend, with unclear targets so far. The technical aspect today is as it is. Despite the temporary bullish bounce, gold prices are still …

We remained neutral during the previous report due to the conflicting technical signals, clarifying that the price should be monitored below at 1.1260 and above at the main demand point 1.1380. Technically, the current movements of the euro are witnessing stability below 1.1330, the resistance of the descending price channel …