Daily Technical Analysis

Positive trades dominated the movements of GBP/JPY, benefiting from maintaining trading above the 151.10 support level. Technically, we notice the stability of the intraday movements above the support level of 151.10, as we find the stochastic indicator started sending positive crossover signals on the 4-hour time frame, in addition to …

The technical outlook is unchanged, and the Canadian dollar did not witness any change, maintaining the temporary negative stability below the 1.2720 resistance level. Technically, by looking at the 240-minute chart, we notice the price stability below 1.2720, the previously broken support and transformed into a resistance level represented by …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated the movements of gold at the end of the last trading week after it retested the 1776 resistance level, which forced it to retreat to record significant losses around 1740. Technically, and by looking at the 240-minute chart, we notice the stability of the intraday trading below …

Sideways trading dominates the euro against the US dollar for several consecutive sessions, above the psychological support level of 1.1700 and below the resistance of 1.1750. On the technical side today, and by looking at the 4-hour chart, we notice the negative pressure coming from the 50-day simple moving average, …

The German DAX index found a strong resistance level represented by our target yesterday at the price of 15,660, which forced it to trade negatively once it hit it, to witness the current moves with a bearish bias around the lowest level during the session 15,608. On the technical side, …

Oil, Crude, trading

Positive trading dominated the movements of the pound sterling against its Japanese counterpart within the expected bullish context during the previous report, recording the highest around 151.65. Technically, we noticed the stability of the intraday movements above the support level of 151.10, and stochastic started sending positive acceleration signals on …

The Canadian dollar declined noticeably yesterday, nullifying the positive outlook as we expected, in which we relied on the price stability above the 1.2700 level, touching the stop losses order published during the last report at 1.2720; we indicated that if 1.2720 is broken, this can thwart the bullish scenario …