Daily Technical Analysis

The Canadian dollar managed to work within the bullish technical correction referred to during this week’s reports, touching the first target of the last report at 1.2570, recording the highest level at 1.2586. Technically, the pair is now hovering around a strong resistance level of 1.2590 represented by the 38.20% …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the extended target, as we mentioned yesterday. We relied on confirming the breach of the main resistance level 1867, explaining that ​​it enhances the gains to visit 1877, recording its highest level at 1877. Technically, Strong supply areas at the resistance represented by the target …

The losses of the European single currency extended against the US dollar, as we expected, bypassing the second official leg of the current downside wave represented by our target 1.1300, recording its lowest level at 1.1263 during today’s Asian session. Technically, and by looking at the chart, we notice the …

The German DAX index returned some noticeable gains, canceling the expected bearish scenario during the previous report, recording its highest level at 16,144. Technically, today we tend to be cautiously optimistic, relying on the price moving above the 50-day moving average, coinciding with the attempts of stochastic to obtain more …

Oil, Crude, trading

The British pound managed to touch the retest target published during the previous analysis, at 153.50, recording its highest level during the early trading of the current session, 153.48. Technically, the pair’s success in building a support floor of 152.80 and the price stability above the 50-day moving average increases …

The Canadian dollar has restored the strong support level mentioned in the last report at 1.2500 and still seeks to maintain the bullish corrective slope stable above 1.2480. Technically and carefully looking at the 4-hour chart, we notice the arrival of the stochastic indicator around the overbought areas, in addition …

Oil, Crude, trading