Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to successfully retest the support level at 1797, within attempts to rebound upwards, to record its highest level during the previous trading session at 1812. On the technical side, trading today remains stable above 1797, 50.0% Fibonacci correction that supports the possibility of a rise, as we …

EURUSD is seeing attempts to rally after it found a good support floor near 1.1780 and despite the rallies, we think it is still limited. Technically, by looking at the 4-hour chart, we find that there is a conflict between the positive motive coming from the 50-day moving average, which …

The German DAX index incurred heavy losses in the last session, touching the stop-loss order published in the previous analysis at 15,445, recording its lowest level at 15,286. On the technical side, the index broke the support-into-resistance level of 15,540, with the negative pressure of the 50-day moving average. It …

Oil, Crude, trading

The British pound incurred strong losses against the Japanese yen, as we expected, touching the official target station 150.60. On the technical side today, the bearish trend is still the most preferred, based on the breach of the support level 152.00/152.10, which is now turned into a resistance level. Therefore, …

The Canadian dollar achieved strong gains during the previous trading session within the expected bullish context, touching the first target of 1.2565 and approaching by a few points at the official station 1.2600, to record its highest level at 1.2592. Technically, with stable intraday trading above 1.2500 and in general …

Oil, Crude, trading

Oil, Crude, trading