Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices achieved the positive outlook as we expected yesterday, to retest the target at 1785, recording its highest level at 1785. On the technical side, the resistance level represented by the target managed to cap the bullish bias, which forced gold to trade with intraday negativity to …

The single European currency provided positive trading within the expected bullish path, approaching a few points from the first official target at 1.1680 to record the highest level of 1.1670. Technically, and by looking at the 60-minute chart, we notice the pair is now hovering around the 1.1640 resistance level, …

The German DAX index continues to rise after finding a good support level around 15,370, to record its highest level during the previous trading session of 15,550. Today’s technical aspect indicates the possibility of a bullish bias in the coming hours, depending on trading above the published support above, in …

Oil, Crude, trading

Positive trading continues to dominate the movements of GBP/JPY within the suggested bullish path, touching our second awaited target at 157.20, recording the highest level at 157.38. On the technical side, by looking at the 60-minute chart, we notice that the RSI continues to provide bullish momentum signals, in addition …

The strong resistance level at 1.2400 managed to cap the bullish bias yesterday, which forced the pair to trade negatively again, settling around its lowest level during the morning session, 1.2340. Technically, and with trading below the previously broken support-into-resistance at 1.2390, in addition to the continuation of the negative …

Oil, Crude, trading

Oil, Crude, trading