The Canadian dollar succeeded in maintaining its gains within the bullish corrective slope mentioned yesterday, touching the first target for the bullish correction at 1.2480, recording the highest price at 1.3477. Technically, the current movements are witnessing stability for the pair above 1.2400, supported by the positive stimulus of the …
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Oil, Crude, trading
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Oil, Crude, trading
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A bullish rally was witnessed in gold prices during yesterday’s session, nullifying the negative outlook as we expected. Therefore, we relied on the intraday instability below the 1799 resistance level after on the main support level 1768. On the technical side, there is a conflict between the technical signals, we …
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The euro declined noticeably against the US dollar during the last trading session, within the bearish context, as we expected, touching the first target 1.1560, approaching by a few points, at the second target 1.1500, to settle for recording the lowest price of 1.1525. Technically, and by looking at the …
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Mixed trading dominated the pound’s movements against its Japanese counterpart, in a bullish direction, after finding a good support floor near the 155.00 level. On the technical side, we noticed that the stochastic indicator reached overbought areas and gradually lost the bullish momentum. We find the 50-day moving average as …
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The Canadian dollar continued moving within the bullish correction path we mentioned in the previous analysis, touching the first correction target at 1.2455, recording the highest level at 1.2457. Today’s technical aspect indicates the possibility of continuing the rise, relying on the positive motive of the 50-day moving average that …
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Oil, Crude, trading
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Oil, Crude, trading
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Gold prices declined significantly during the last session, touching the official stations targeted during the previous analysis at 1768 and then 1757, recording the lowest price of 1757. The technical picture indicates the possibility of continuing the decline, based on the price stability below the 50-day moving average, which still …
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