Daily Technical Analysis

Oil, Crude, trading

Gold prices ended their daily and weekly trading below the 1790 resistance level, which forced the price to trade negatively again within the bearish context. On the technical side, today, and carefully looking at the 240-minute chart, we find the simple moving averages continuing their negative pressure on the price …

The Euro hit the strong resistance level located at 1.1975, unable to breach it yet, which forced the pair to trade negatively and settle below it. On the technical side, we tend to the negativity, relying on the stability of trading below 1.1975 located at the 50.0% Fibonacci correction, as …

The German DAX index managed to touch the first target that is required to be achieved during the previous technical report, located at the price of 15,595, to record its highest level at 15,611. Today’s technical aspect indicates the possibility of continuing the rise, relying on the stability of the …

Oil, Crude, trading

Mixed trading dominated the movements of the pound sterling against the Japanese yen within a limited bullish bias, benefiting from retesting the support level of 153.80. On the technical side, we tend to be positive but cautiously, relying on the positive crossover signs that started appearing on Stochastic. Therefore, the …

Positive attempts dominated the Canadian dollar’s movements during yesterday’s trading session, within the bullish context, as we expected, recording its highest level at 1.2340. Technically, the Canadian starts with a slight bullish bias, trying to retest the previously broken support, which is now turned to the 1.2330 resistance level, 50.0% …

Oil, Crude, trading

Oil, Crude, trading

For the third consecutive session, gold prices fail to stabilize above the pivotal resistance level published in the previous analysis, located around 1880/1882, which forced the price to trade negatively again within the bearish context. On the technical side, today, and carefully looking at the 240-minute chart, we find the …