Daily Technical Analysis

Gold’s movements witnessed positive trading at the conclusion of the last week’s trading after it received a strong push to the upside as a result of the US dollar’s ​​decline. We indicated during that trading above 1770 is able to thwart the bearish bias and lead gold to achieve gains …

The single European currency achieved some limited gains, taking advantage of the US employment data that came on the lower side, recording limited gains around 1.1586 areas. Technically, and by looking at the chart  240-minute chart, we notice the stochastic losing the bullish momentum, in addition to the pair’s continuing …

The movements of the German DAX index witnessed a bearish tendency as a result of hitting the resistance level 15,240, which forced the index to trade negatively again, stable around its lowest level during the session at 15,200. Technically, and with careful consideration on the short time frames, we notice …

Oil, Crude, trading

The British pound against the Japanese yen reversed the bearish trend as we expected, to return to stability again above the resistance level of 152.00, recording the highest price of 152.36 during the morning session of the current session. On the technical side today, and with the return of trading …

The Canadian dollar succeeded in touching the awaited official station during the previous analysis within the expected bearish path. Therefore, we relied on the price stability below 1.2600, heading to visit the official target of 1.2530, recording the lowest price at 1.2532. From the technical analysis point of view today, …

Oil, Crude, trading

Oil, Crude, trading

The pivotal resistance at 1768 managed to limit the bullish bias, and the gold price failed to breach it over several consecutive sessions. Today’s technical aspect indicates fluctuation within a sideways range between the 1768 resistance level, the 61.80% Fibonacci correction, and the 1747 support level. By looking at the …

The technical outlook is unchanged, and the euro’s movements did not change significantly against the US dollar for the third consecutive session, maintaining the negative stability. Technically, the euro retested the previously broken support level at 1.1570/1.1560, and the intraday movements are witnessing stability below the mentioned level. By looking …