Daily Technical Analysis

The euro’s movements against the US dollar witnessed a positive trading session to move away from the psychological barrier of 1.1300 support floor and is now hovering around the highest level during the early trading of the current session 1.1375. On the technical side, the pair starts attacking the main …

GBP/JPY made positive attempts, building on a support level of 155.60, recording a high of 157.40. Technically, we tend to the positivity, relying on the stability of the intraday trading above 156.00 support level accompanied by the positivity features that start to appear on the stochastic indicator and getting rid …

The Canadian dollar’s movements witnessed limited positive attempts during the last trading session to hit the resistance level of the psychological barrier 1.2700, unable to breach it until now. Technically, and carefully looking at the 4-hour chart, we notice the beginning of a bearish technical formation that puts the price …

Oil, Crude, trading

Oil, Crude, trading

Gold prices started today’s trading session with a noticeable rise after it announced the reliance on the solid support floor located around 1782. The price is now hovering around the highest level during early trading in 1807. On the technical side, we find gold prices succeeded in breaching the pivotal …

The positive attempts of the euro against the US dollar continue for the second consecutive session, trying to move away from the psychological support level of 1.1300 and, most importantly, 1.1280. Technically, looking at the 4-hour chart, we notice positive crossover signs that started appearing on the stochastic indicator. By …

The German DAX index starts its first weekly move on an upward slope after it managed to build on the support of 15,850, to reach its highest level at 16,050. On the technical side, today we tend to the positivity, but with caution, relying on the positive motive of the …

Oil, Crude, trading

The positive attempts of the pound against the Japanese yen continue after it managed to benefit from the 156.50 support level, to reach its highest level during today’s session at 157.30. On the technical side, we tend to be positive, but with caution, relying on the stability of trading above …