Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

The movements of the yellow metal witnessed a negative bias, after it failed to breach the pivotal resistance published in the previous analysis at 1747, which forced it to retest 1724. Technically speaking, and with a closer look at the 4-hour chart, we find gold is turning around the 50-day …

The single European currency retreated significantly during the previous trading session. We have maintained our intraday neutrality during the previous report, indicating that we are awaiting confirmation of a break of the 1.1880 support level, in order to facilitate the mission to visit 1.1800, recording a low at 1.1836. On …

The current movements of the German DAX index are witnessing a bullish tendency after it succeeded in establishing a good support floor near 14,580. On the technical side today, we tend to be positive, but cautiously depending on the index price remaining above the support level of 14,620, and in …

The current moves in the Dow Jones Industrial Average are witnessing a bearish bias, after finding a strong resistance level that forced it to trade below the support level of 32670. On the technical side, today, we are negatively biased in our trading, relying on the continuation of the RSI’s …

The pound retreated against its Japanese counterpart, a noticeable decline within the expected bearish path, in which we relied on the stability of 151.10 tradings. Technically speaking, we are biased negatively depending on the negative signs coming from the stochastic indicator, in addition to trading below 151.00. We are targeting …

The Canadian dollar succeeded in continuing the bullish corrective tendency referred to during the previous analysis, touching our first target at 1.2555, recording the highest during early trading for the current session 1.2555. Technically speaking, and with the pair continuing to get a positive stimulus from the 50-day moving average, …

Oil, Crude, trading

Oil, Crude, trading