Daily Technical Analysis

Gold prices traded positively during the last session, canceling the negative outlook as we expected. We depended on trading stability below the 1799 resistance level to record the highest at 1801. Technically, and by looking at the 240-minutes chart, we find the simple moving averages continue to pressure the price …

The euro saw positive trades during the previous trading session, but the positivity is still limited, and the current intraday movements are still below the resistance level of 1.1840. On the technical side today, and by looking at the 4-hour chart, we find the 50-day moving average that constitutes an …

We stayed on the fence during the previous report due to the conflicting technical signals, explaining that activating the short positions requires a clear and robust break of the 15,790 support level, which puts the price under negative pressure with the first target at 15,745, to record 15,584. Technically, with …

Oil, Crude, trading

GBP/JPY failed to confirm breaching the psychological resistance level of 152.00, to return to trade negatively, touching the stop-loss order at 151.60, recording the lowest around 151.45. On the technical side today, the pair closed below the mentioned resistance level at 152.00, accompanied by the negative pressure of the 50-day …

The Canadian dollar jumped, achieving the bullish scenario as we expected. We relied on trading stability above the solid support floor 1.2600, heading towards touching 1.2720, recording the highest price at 1.2762. Technically, by looking at the 4-hour chart, we find the simple moving averages continue to hold the price …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated gold prices during the previous trading session, within the expected bearish context, touching the official target of 1784, recording its lowest price of 1782. Technically, the possibility of continuing the decline after gold confirmed breaking the 1799 support level, 50.0% correction, turning into a resistance level, in …

The euro managed to touch the first bearish target published in the previous analysis at 1.1800 to record its lowest level at 1.1802. Today, the technicals indicate the possibility of resuming the decline due to the continuation of the negative pressure coming from the 50-day moving average and the stability …