Technical Analysis

Yesterday, the euro began to pressure the psychological barrier support level at 1.0700, recording its lowest level at 1.0686 within the gradual downward path. On the technical side today, we find that the simple moving averages are still pressuring the price from above, and the 50-day moving average meets around …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar maintained positive stability for the second session in a row, touching the first upward target achieved during the previous trading session at 1.3680, recording its highest level of 1.3678. Technically, and with a closer look at the 4-hour time frame chart, we find that the pair established …

japanese-yen

Oil, Crude, trading

For the second session in a row, US crude oil futures prices found a strong resistance level around 88.00, which formed a negative pressure factor on the oil price to conclude yesterday’s trading around $87.55 per barrel. Technically, the simple moving averages do not support the daily upward curve of …

Gold prices continue due to the rise in the US dollar, heading towards touching the first target expected to be achieved during the previous technical report at 1920, approaching by a few points from the official station of 1913, only to record the lowest of $1,915 per ounce. Technically, by …

The Nasdaq index reached the official target to be achieved yesterday, which was at 15,400, recording its lowest level at 15,395. Technically, we are leaning towards negativity in our trading, but with caution, relying on the clear negative signals on the 14-day momentum indicator on short time frames and trading …

Oil, Crude, trading