Technical Analysis

The euro traded positively against the US dollar during the previous trading session after it confirmed the breach of the 1.0940 resistance level to start attacking the psychological barrier of 1.1000, recording its highest level at 1.1033. On the technical side today, and by looking closely at the 240-minute chart, …

Oil, Crude, trading

As we expected, the Canadian dollar made significant gains yesterday, touching the required profit-taking areas at 1.3365, recording its highest level at 1.3372. From the point of view of technical analysis today, and by looking at the 4-hour chart, we find that the 14-day momentum indicator continues to defend the …

Oil, Crude, trading

Mixed movements in both directions dominated the prices of US crude oil futures contracts, heading to visit the first target of 72.10, recording a high of 72.13, after it managed to breach the main resistance mentioned during the previous report at 71.55. Technically, we are positive depending on the positive …

Gold prices succeeded in touching the bearish targets required during the previous technical report, reaching the official target of 1900, recording its lowest level at $1902 per ounce after it managed to break the strong support level at $1913. Today’s technical vision tends to be negative, relying on the stability …

As we expected, the single European currency declined significantly against the US dollar within the context of a gradual decline, approaching the target station 1.0800, recording its lowest level at 1.0830. From the angle of technical analysis, the euro-dollar pair found a good support floor around 1.0820, which managed to …

Oil, Crude, trading

The Canadian dollar jumped within the expected positive outlook during the technical report issued yesterday, touching the first official target at 1.3300, recording its highest level at 1.3305 during today’s morning trading, and the current movements are witnessing stability near its highest level of 1.3305. Technically, and by looking at …

Oil, Crude, trading