Daily Technical Analysis

Oil, Crude, trading

Positive trading dominated the movements of the pound sterling against the Japanese yen, nullifying the negative outlook, as we expected, touching the stop losses order at 151.20. On the technical side today, and with a closer look at the 60-minute chart, we find the 50-day moving average trying to push …

Negative trading dominated the Canadian dollar’s movements during the previous trading session after it succeeded in stabilizing temporarily below the 1.2600 support level. From the technical analysis, the current moves are witnessing attempts to rise. However, the price is back to stability above the 1.2600 support level, accompanied by attempts …

Oil, Crude, trading

Oil, Crude, trading

Gold recorded rebound attacks to the upside during the previous trading session to retest the 1770 resistance level after recording its lowest level at 1747. Today’s technical vision indicates the possibility of resuming the bearish bias based on the negative pressure of the 50-day moving average, in addition to the …

The resistance levels published during the previous analysis, at 1.1640, were able to cap the attempts to rise in the euro against the US dollar, which forced it to decline again. Technically, and by looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the …

A strong spontaneous rise in the US bond yields prompted new selling around gold on Monday. The risk-off impulse, a broad-based USD weakness would help limit deeper losses as uptrend potential appears limited above $1750.After managing to close the previous week in the positive territory, gold got lower during the …

U. S. President Joe Biden torched Senate Republicans on Monday, calling them “hypocritical, dangerous, and disgraceful” for blocking Democrats’ efforts to renew the nation’s ability to pay its bills.Biden accused Republicans of refusing to do their job and abusing their power to prevent the administration from doing its duties of …

Negative trading dominates the German DAX index movements, settling around the lowest level during today’s trading session at 15,080. Technically, and with the stability of trading below support-into-resistance 15280 level, accompanied by the negative pressure of the simple moving averages. This increases the possibility that we will witness a downward …