Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated gold prices after it failed to stabilize for a long time above the resistance level of 1803, which forced it to retest the support level at 1785. Technically, we see gold started to pressure on the 1785 support level, as we find the simple moving averages continue …

The resistance levels mentioned in the previous analysis at 1.1840 were able to limit the bullish bias witnessed by the euro at the end of last week’s trading, forcing it to retest the first target of 1.1800. On the technical side today, the intraday stability is below the resistance level …

The German DAX index achieved the official bearish target of 15,520 to record its lowest level at 15,447. On the technical side, the 50-day moving average still constitutes an obstacle to the index, in addition to stabilizing trading below the 15,650 resistance level. Therefore, we tend to be negative, but …

Oil, Crude, trading

Positive trading dominated the movements of GBP/JPY, to start with a bullish bias, attacking the resistance level of the psychological barrier 152.00. Technically, the pair built on the support level 151.60, accompanied by positive signs that started appearing on the RSI over the short time intervals. From here, the bullish …

The Canadian dollar found a strong resistance level around 1.2720, which forced it to trade negatively again, settled below the 1.2660 level. Technically, the negative pressure from the 50-day moving average supports the possibility of a bearish bias, in addition to stabilizing intraday trading below the 1.2665 resistance level represented …

Oil, Crude, trading

Oil, Crude, trading