Daily Technical Analysis

Oil, Crude, trading

Positive trades dominated the movements of gold during the previous trading session, nullifying the negative outlook as we expected, in which we relied on trading below the 1799 resistance level; we mentioned that any trading above 1799 would immediately stop the bearish tendency and lead gold to record positive targets …

For the second session in a row, the euro hits the strong resistance level mentioned in the previous analysis, at 1.1850, unable to breach it so far, which forced it to trade negatively, to start negative pressure on the 1.1800 support level. With a closer look at the 4-hour chart, …

The German DAX index relied on the solid support level located at 15,600, forcing it to rebound to the upside again to retest the 15,780 level. On the technical side, the current movements of the indicator are witnessing a bullish slope accompanied by the attempts of the 50-day moving average …

Oil, Crude, trading

Positive moves regained control over the movements GBP/JPY after building on the support floor of 152.00. On the technical side today, with the stability of trading above the support mentioned above, in addition to the positive motive coming from the 5-day moving average. This increases the change of the upside,, …

Trading tended to the negative, which dominated the movements of the Canadian dollar during the previous trading session after it found a strong resistance level around 1.2700. Technically and carefully looking at the 240-minute chart, we find signs of negativity starting to appear on the stochastic indicator, in addition to …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged; the gold’s movements did not change much, maintaining the negative stability below the pivotal resistance level at 1797. Technically, we find gold started to pressure on the 1785 support level, as we find the simple moving averages continue to pressure the price from the top …