Daily Technical Analysis

Gold prices are still trading within a short trend that tends to the downside. However, the dominant feature is still unclear, as the current moves are witnessing a bearish tendency that is gradually approaching the 1774 support level. Technically, By looking at the 60-minute chart, we notice that the momentum …

Trading was calm and tended to the negativity within the bearish path after the Euro found a resistance level around the psychological barrier of 1.1300, unable to breach it until now. Technically, by looking at the 4-hour chart, we notice the return of intraday trading stability above the 50-day moving …

Positive trades dominated the movements of the German DAX index, recording its highest level at the end of last week’s trading at 15,432. Technically, we tend to the negativity, but with great caution, relying on the stability of trading below the resistance level 15,250, in addition to the negative pressure …

Oil, Crude, trading

Strong negative trading dominated the movements of the pound sterling against the Japanese yen, nullifying the expected positive outlook during the previous analysis, recording a low of 148.96. On the technical side today, the pair failed to maintain the trading level above 149.70, accompanied by the negativity of Stochastic on …

The Canadian dollar maintained its gains within the expected positive outlook during the last analysis, touching the target to be achieved last Friday at 1.2850, recording its highest level at 1.2854. Technically, still witnessing intraday stability above the psychological barrier of 1.2800, accompanied by positive stimulus from the 50-day moving …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal showed positive movements supported by the decline of the US dollar after the US employment data, to record its highest level at 1786, after recording the lowest around the strong demand area at 1761. Technically, trading stability is above 1768, 61.80% Fibonacci correction, as shown on the …

The single European currency ended last week’s trading sessions sideways, trying to rise. However, attempts are still limited due to the price stability below the 1.1375 resistance level. Technically, and by looking at the 4-hour time frame, we notice intraday trading stability above the 50-day moving average, which meets around …