Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

Gold prices are witnessing sideways trading in a narrow range that tends to be positive, gradually approaching the pivotal resistance level of 1823, which was previously referred to as the key to continuing the bullish trend, recording a high of 1820. Technically, by looking at the 4-hour chart, we find …

The single European currency continued to achieve gains for the third consecutive session without achieving the scenario of retesting the support published in the previous analysis to approach the required official target of 1.1880, recording its highest level at 1.1857. Technically, we believe that the continuation of the rise is …

The German DAX index managed to achieve decent gains during the previous trading session, attacking the psychological barrier of 16,000. On the technical side, today’s movements are witnessing an upward bias on positive stimulus from the 50-day moving average, in addition to the stability of trading above 15,750. Therefore, we …

Oil, Crude, trading

There was little change in GBP/JPY, maintaining the bullish bias. On the technical side, we tend to be positive but cautiously, relying on the stability of the intraday trading above the mentioned support level and the attempts of the 50-day moving average to hold the price. Therefore, the bullish bias …

The Canadian dollar successfully retests the pivotal support published in the previous analysis, at 1.2580, concluding its daily trading above the mentioned support. Technically, and by looking at the chart, we find Stochastic is trying to get rid of the current negativity, in addition to trading above 1.2580. This increases …

Oil, Crude, trading

Oil, Crude, trading