Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in touching the official target published during the previous analysis, at 1856, recording a low on Friday at 1856. On the technical side, gold succeeded in forming a good support floor around 1856, which forced it to rebound upwards again, approaching retesting the previously broken support 1895. …

Mixed trading dominated the movements of the euro against the US dollar at the end of last week’s trading, within a bearish tendency, recording its lowest level near the pivotal support level 1.2100. Technically, the pair bounced today, benefiting from the mentioned support level, within the context of retesting the …

The German DAX index found a good support level around 15,460, where the current movements of the index are witnessing an upward bias targeting a retest of 15,700. On the technical side today, we find that the RSI continues to provide positive signals over the short term, accompanied by stabilizing …

The Dow Jones Industrial Average declined on Wall Street yesterday, nullifying the positive outlook as we expected. We indicated during the previous analysis that activating the bullish scenario depends mainly on the stability of trading above 34,500, and breaking the mentioned level puts the index under negative pressure, targeting 34,420/34,410 …

Sideways trading in a narrow range, constrained between 155.20 and 155.80 without any significant change. On the technical side today, and with a careful look at the 60-minute chart, we are inclined to the negativity, but with caution, relying on the intraday stability below 155.80, accompanied by the clear negativity …

The Canadian dollar was able to build on the pivotal support floor located at the price of 1.2030 to return to trading within the suggested bullish corrective slope during the previous analysis, in which we relied on breaching 1.2070, touching the first target of 1.2100, heading to visit the second …

Oil, Crude, trading

Oil, Crude, trading