Technical Analysis

The Canadian dollar rose marginally yesterday but failed to maintain its gains above the resistance level of the psychological barrier 1.3500, as the current movements witness stability below it. Technically, we find the 50-day simple moving average trying to push the price to the upside, and we find the RSI …

Oil, Crude, trading

Positive attempts dominated the prices of US crude oil futures contracts, trying to compensate for its recent losses, recording its highest level during yesterday’s trading session, around $71.74 per barrel. Technically, we tend to be negative in our trading, relying on the negative intersection signs of the stochastic indicator, which …

Gold prices did not show significant movements at the beginning of this week’s trading, within sideways movements that tended to be negative and stable in an intraday manner below the 2016 resistance level. Technically, and by looking at the 240-minute chart, we find that the simple moving average continues the …

Narrow sideways trading dominated the movements of the euro-dollar pair during the first trading of this week, maintaining the negative path and recording its lowest level at 1.0843. On the technical side today, and with a closer look at the 240-minute chart, we find the euro stable below the previously …

Oil, Crude, trading

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining negative stability below the resistance level of the psychological barrier of 1.3400. Technically, and by looking closely at the 4-hour chart, we find that stochastic provides negative signals, motivated by the continuation of the negative pressure …

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures contracts yesterday, but the pivotal support level published during the previous report, located at 71.40, was able to limit the bearish tendency to force oil to rebound upwards again, and the current movements are witnessing stability around $73.20 per barrel. …

Gold prices achieved the first bullish target required during the previous technical report at 2037, recording its highest level during the early trading of the current session at $2038 per ounce. Technically, and by looking at the 4-hour chart, we find that gold continues to form an upward trend accompanied …