Daily Technical Analysis

Oil, Crude, trading

Negative trading returned to control the movements of the pound sterling against the Japanese yen after it succeeded in confirming the breach of the support level of 152.85, touching a low of 152.00. On the technical side, we are inclined to the negativity, relying on the confirmation of the aforementioned …

The Canadian dollar achieved noticeable gains during the previous session’s trading, heading towards the awaited bullish correction tendency at 1.2410, to extend its gains, touching a high at 1.2530. Technically, and with the pair’s success in confirming the breach of 1.2410, the 61.80% Fibonacci retracement, which has now turned into …

Oil, Crude, trading

Oil, Crude, trading

The prices of the yellow metal declined noticeably at the beginning of this week after it failed to breach the resistance level of 1815, which is our target to be achieved during the previous report. On the technical side today, and looking at the 4-hour chart, we tend to trade …

The bearish trend continues to dominate the euro’s movements against the US dollar within the expected negative outlook in the last report, touching the official target at 1.1780. Technically, and with careful consideration on the 4-hour chart, we find the 50-day simple moving average that continues to pressure the price …

Mixed trading tends to negatively dominate the movements of the German DAX traded on the Frankfurt Stock Exchange, with the current moves witnessing a bearish tendency as a result of the index’s failure to maintain trading above 15680. We may witness a bearish bias in the coming hours as the …

Oil, Crude, trading

GBP/JPY traded positively after finding good support around 153.00. The technical picture is positive due to intraday trading stability above 153.40, always on the back of positive stimulus from the 50-day moving average, which cushions the price from the downside. Therefore, we target 154.10 as the first target. Breaking through …