Daily Technical Analysis

We committed to intraday neutrality during the previous analysis due to the conflicting technical signals to witness the Canadian dollar’s trading a sideways context trapped from below above the support level of 1.2470 and from above below the resistance level at 1.2555. Technically, by looking at the 60-minute chart, we …

Oil, Crude, trading

Oil, Crude, trading

Gold’s movements did not witness a significant change during the last trading session, keeping trades confined from the bottom above the support level 1773 and from below, the resistance level 1797. Technically, and with a closer look at the hourly chart, we find negative signs appearing on the stochastic indicator, …

Quiet trading dominated the movements of the euro against the US dollar during the previous trading session, as the pair found a strong resistance level around 1.2065. On the technical side today, the intraday trading is still stable below the resistance level of 1.2065 Fibonacci retracement of 38.20%, as we …

The Canadian dollar was able to achieve the target of retesting the resistance published during the previous analysis at 1.2660, to hit its highest level at 1.2655. Technically speaking, we find the pair declined significantly after touching the pivotal resistance represented by our previous goal of re-testing the 1.2460 support …

The pound was able to touch the first target mentioned in the previous analysis against the Japanese yen at 150.10. Technically speaking, the pair’s exchange rate remaining below the psychological barrier of 151.00, in addition to the negative pressure from SMAs. This encourages us to maintain our negative outlook targeting …

Oil, Crude, trading

Oil, Crude, trading

Positive trading dominated gold prices during the previous session, nullifying the negative outlook as we expected and touching the stop-loss order published in the previous analysis at 1780, and to remind us, we indicated during the previous analysis that the confirmation of the breach of the 1780 level is capable …