Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices were subjected to solid selling pressure due to the rise in the US dollar to be able to touch the target mentioned in the previous analysis, at 1745, recording its lowest level at 1742. On the technical side today, by looking at the 4-hour chart, we …

The single European currency faced intense selling pressure at the end of last week’s trading within the bearish context, as we expected, touching the second official leg of the current downside wave at 1.1700, recording the lowest level at 1.1708. Technically, the negative pressure coming from the 50-day moving average …

The current movements of the German DAX index are witnessing an upward trend, benefiting from stability above the 15,630 support level. On the technical side, we tend to the positivity, relying on stability above the mentioned support and the RSI’s attempts to obtain bullish momentum above the 50 mid-line. Therefore, …

Oil, Crude, trading

Negative trading continues to dominate the movements of GBP/JPY, approaching by a few points to the first bearish target published in the previous analysis, at 150.70, recording the lowest price of 150.85. Technically, the intraday trading stability is above the 151.20 support level, accompanied by the attempts of the stochastic …

The Canadian dollar maintained its positive stability above the pivotal support level published during the previous report, at 1.2600, to return to test the resistance level of the psychological barrier of 1.2700. Technically, we see the pair now hovering around the 1.2665 resistance level represented by the 61.80% Fibonacci, trying …

Oil, Crude, trading

Oil, Crude, trading