Technical Analysis

Oil, Crude, trading

The Canadian dollar achieved the first official target that should be touched during the previous technical report at 1.3640, recording its highest level at 1.3640. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3560, and in general, above 1.3500, the support represented …

japanese-yen

Oil, Crude, trading

Mixed movements still control the prices of US crude oil futures contracts, to move in both upward and downward directions, recording a high of 80.45 before hitting a low of around $78.20 per barrel. Technically, by looking at the 240-minute chart, the price is shifting around the 50-day simple moving …

Gold prices achieved an intraday break of the strong support floor published during the previous technical report at the price of 1913, explaining that the decline below the mentioned support level puts the price under negative pressure again, so we are awaiting the return of the official bearish trend, with …

As we expected, the euro-dollar pair continues its bearish trend, recording its lowest level at the end of last week’s trading, around 1.0766, as part of attempts for a bullish rebound, to hover now around the resistance level of the psychological barrier 1.0800. On the technical side today, and when …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook remains unchanged, as the Canadian dollar maintains the expected bullish path during the previous report, touching our first target of 1.3575, recording its highest level at 1.3600. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3540, and in general, …