Technical Analysis

For the second session in a row, the euro failed to breach the strong resistance level at the psychological barrier of 1.0600, which forced it to trade negatively during yesterday’s session. Technically, the current movements are witnessing stability around the lowest level during early trading, 1.0534. A closer look at …

Oil, Crude, trading

Oil, Crude, trading

During the previous trading session, the Canadian dollar’s movements witnessed a temporary upward tendency. However, it clashed with the pivotal resistance level at 1.3700 published in the last technical report and failed to breach it. Technically, the pair found it difficult to break through the resistance of the psychological barrier …

japanese-yen

Oil, Crude, trading

The main support level published during the previous technical report at 85.65 succeeded in pushing the prices of US crude oil futures contracts to a solid upward rebound within the expected positive outlook, touching the first official target of 87.80, reaching the second stop of 89.10, and recording its highest …

Gold prices achieved a noticeable base above the main support floor mentioned during the previous technical report, located at the price of 1913. In achieving an upward rebound, as we expected, they touched the first official target of 1929 and approached by a few points from the next stop, 1945, …

The EUR/USD pair’s movements witnessed a positive trend during the previous trading session, reflecting the expected downward trend. In this trend, we relied on trading stability below the 1.0550 resistance level when the report was published. The price’s consolidation above 1.0570 postpones the chances of a decline but does not …

Oil, Crude, trading