Technical Analysis

Gold prices succeeded in achieving the expected negative outlook during the previous technical report, explaining that the continuation of trading below the main support of 1945 constitutes a negative pressure factor, with a target of 1924 and a main target of 1913, to suffice for recording its lowest level yesterday …

. Positive trades dominated the movements of the euro against the US dollar within the expected bullish path during the previous technical report, touching the official targets targeted yesterday at 1.0970 and 1.1000, recording its highest level during today’s early trading at 1.0995. On the technical side today, we tend …

Oil, Crude, trading

The technical outlook is unchanged, and the Canadian dollar’s movements did not change much, maintaining negative stability, as we expected, after the 1.3270 resistance managed to limit the bullish bias, to see the current movements stabilize around its lowest level during the early trading of the current session at 1.3209. …

Oil, Crude, trading

Mixed trading in both directions dominated the prices of US crude oil futures contracts, nullifying the negative outlook as we expected, in which we relied on stable trading below the level of 71.55, recording its highest level at $72.33 per barrel. Technically, the current movements of oil prices are witnessing …

As we expected, gold prices declined during the previous trading session within the bearish context. We explained that breaking the main support level of 1945 puts gold prices under negative pressure to touch the first expected target of 1932, recording its lowest level at $1929 per ounce. Technically, and by …

. The EUR/USD pair found difficulty in breaching the strong resistance level published during the previous technical report at 1.0940, explaining that it represents the key to the continuation of the upward attempts, which forced the pair to trade in negativity, recording its lowest level at 1.0892. On the technical …

Trading tended to be negative and dominated the Canadian dollar’s movements, with the beginning of trading this week recording its lowest level yesterday at 1.3180. Technically, the current movements of the pair witness a limited bullish bias, benefiting from the attempt to stabilize above the support level of 1.3180, and …

Oil, Crude, trading