Daily Technical Analysis

Negative movements dominated the movements of GBP/JPY after it found a resistance level around 151.70, which forced it to retest 150.60. On the technical side, and by carefully looking at the 60-minute chart, we notice the continuation of the negative pressure coming from the 50-day moving average, in addition to …

The Canadian dollar started today’s trading session with an upward bias within the expected positive technical outlook, maintaining the intraday stability above the breached resistance level of 1.2730. Technically, the bullish scenario is still valid and effective, based on the positive motive of the 50-day moving average, which meets around …

Oil, Crude, trading

Oil, Crude, trading

The price metal managed to touch the target published in the previous analysis at 1768, recording its lowest price at 1767, to bounce back up, building on the 1768 support. The price is now hovering around the highest level during the current session, trading at 1788. Technically, the moves are …

Sideways trading dominated the euro’s movements, confined between the support level of 1.1240 and the resistance level of 1.1330. Technically, looking at the 4-hour chart, the simple moving averages are trying to form a support base around 1.1250/1.1240 in conjunction with the RSI getting bullish momentum signals on the short …

The German DAX index witnessed a negative trading session, witnessing significant losses, after it managed to break the support floor published last Friday at 15,860, to record its lowest level at the end of last week’s trading at 15,020. Today, we tend to the negativity, given the negative pressure coming …

Oil, Crude, trading

USD/JPY movements witnessed a negative trading session within the expected proactive path, touching the first target of 152.00, approaching by a few points near the second target of 151.50, recording the lowest price at 151.70. Technically, and with careful consideration on the 4-hour chart, we notice that the simple moving …

The Canadian dollar continues to achieve gains within the expected bullish path, after it managed to establish a solid support floor around 1.2590, touching our target at the end of last week’s trading at 1.2770, recording a high around the resistance of the psychological barrier 1.2800. Technically, the bullish scenario …