Technical Analysis

Positive trades continue to dominate the Canadian dollar for the second consecutive session, building a good support floor near 1.3560, and the pair is now hovering around its highest level during the early trading of the current session at 1.3600. Technically, and by looking closely at the 4-hour chart, we …

Oil, Crude, trading

US crude oil prices attempted to recover by the end of last week’s trading, recording a high of $73.53 per barrel, and tries to rise are still limited after oil failed to stabilize for a long time above the $73.00 level. Technically, we tend to be negative, but with caution, …

Gold prices continue to decline gradually to the downside within the expected bearish context, approaching achieving the first target of the previous analysis of 1935, to witness the current movements’ lowest level during the morning trading of today’s session, $1939 per ounce. Today’s technical vision indicates the possibility of continuing …

The Eurodollar pair opened its weekly trading, to move within the bearish trend, and starting with an initial breach of the support level of 1.0730, to witness the current movements of the pair stabilizing around the psychological barrier of 1.0700. Technically, we tend in our trading to be negative, relying …

Oil, Crude, trading

Significant gains were witnessed by the Canadian dollar’s movements yesterday within the bullish path published during the previous technical report, touching the first target to be achieved at 1.3650, recording its highest level at 1.3654. Technically, and by looking at the 4-hour chart, we find that the simple moving averages …

Oil, Crude, trading

US crude oil futures declined, invalidating the positive outlook as we expected, in which we relied on trading stability above 73.40, touching the stop loss order, and recording a low of 71.04. Technically, the current movements are stable below the previously broken support at 71.55, represented by 61.80% Fibonacci correction, …

Gold prices achieved the negative consideration, as we expected within the corrective decline mentioned during the current week’s trading, touching the required official station 1945 and touching the additional target 1936, recording its lowest level at $1936 per ounce. Technically, the intraday movements witness stability above 1945, Fibonacci correction 50.0%. …