Daily Technical Analysis

Oil, Crude, trading

Mixed trading dominated gold prices within a mixed context. We have indicated during all reports of this week that the levels of risks may be high. Explaining that any trading above the critical resistance 1830 and most notably 1835 can consolidate gold gains for the extended target 1860, to record …

The movements of the European single currency witnessed a noticeable decline against the US dollar within the expected negative outlook in the previous report. Therefore, we relied on trading stability below the resistance level of 1.1610, heading towards the official target station 1.1500, recording the lowest price of 1.1465. Technically, …

As we expected during yesterday’s technical report, the German DAX index declined within the bearish path, touching the first awaited target at 16,000, recording the lowest of 15,999. On the technical side, today, we are inclined to the negativity, relying on the clear negative signs on stochastic and losing the …

Oil, Crude, trading

The British Pound was little changed during the previous trading session within a sideways bearish range, confined between the support level of 152.00 and the resistance of 153.60. On the technical side, we tend to be negative, relying on the continuation of the negative pressure coming from the 50-day moving …

The technical outlook is unchanged, and the movements of the Canadian dollar did not change significantly, trying to maintain the bullish corrective path, stable intraday above 1.2400, and in general above 1.2370, the 61.80% Fibonacci correction as shown on the chart. Technically, the stochastic is trading with negativity, and the …

Oil, Crude, trading

Oil, Crude, trading

During the previous analysis, a quiet rise in gold prices within the expected bullish path, touching the first official leg of the current rally at 1830, recording its highest level at 1832. Technically, looking at the 4-hour chart, we see that the current movements are witnessing stability below the pivotal …