Daily Technical Analysis

GBP/JPY is trading deep in the negative territory after successfully breaking the psychological support level of 150.00. It then started pressuring on the 149.50 level during the early trading of the current session. Technically speaking, today, we are biased negatively based on the apparent negativity features on the stochastic indicator …

The Canadian dollar found solid support around the 1.2630 level, which forced it to trade positively again within a bullish bounce that aimed to retest 1.2720. Technically, today, the current moves see the price stability above the 1.2660 support level at the 61.80% Fibonacci level. We also notice the positive …

Oil, Crude, trading

Oil, Crude, trading

The single European currency succeeded in achieving the official target of the current downside wave published during the last analysis, located at the price of 1.1600, to record its lowest level against the US dollar at 1.1562. Technically speaking, the 4-hour chart paints the regularity of the movement inside the …

. The yellow metal prices touched the target at 1726, recording its lowest level around 1722 within a strong bearish trend. On the technical side today, and by looking at the 240-minute chart, we notice that some bullish bias yesterday’s session, taking advantage of the pivot on the support level …

Mixed trading dominates the movements of the German DAX index, trying to repeat the chances of the bullish attack to the upside, recording its highest price of 15,698. On the technical side today, and by looking at the 60-minute chart, we notice the RSI’s attempts to gain bullish momentum, in …

Oil, Crude, trading

GBP/JPY jumped within the expected positive outlook, touching the first target at 152.30, recording its highest level during the morning session of today’s session of 152.46. On the technical side today, with the pair getting a positive stimulus from the 50-day moving average, which is accompanied by positive signs on …

The Canadian dollar returned to the strong resistance located at 1.2670, which forced it to trade negatively again, heading to touch the first target of 1.2600, to record its lowest level at 1.2600 during the early trading of the current session. Technically, with the clear negativity on the stochastic indicator, …