Technical Analysis

Gold prices finished the bearish correction referred to during the last analysis, during which we targeted to touch 1907 levels, to start a bullish rebound, taking advantage of the US currency’s decline after the Federal Reserve’s decision regarding interest rates. On the technical side today, we tend in our trading …

We adhered to intraday neutrality during the last report due to the conflicting technical signals, explaining that the condition for activating buying deals requires a breach of your psychological barrier 1.0900 for the pair to recover to target 1.0940 & 1.0970, reaching the official station 1.1030, recording its highest level …

Oil, Crude, trading

The Canadian dollar reversed the daily bearish trend expected during the previous analysis after it built on the support floor of 1.3300, previously explained as a support level, to return to the bullish rebound, and now hovering around its highest level during the session 1.3410. Technically, the pair was able …

Oil, Crude, trading

US crude oil futures prices incurred significant losses within the expected negative outlook during the technical report issued yesterday, touching the official target station at 78.25, recording its lowest level during the early trading of the current session at 77.56. Technically, we continue to suggest the bearish daily trend, relying …

Narrow range side trading did not witness a significant change to find gold prices maintaining stability between 1920 and 1936. As a reminder, we indicated during the previous analysis that price consolidation above 1936 is a condition for resuming the bullish trend. On the technical side, by looking at the …

Quiet trades tended to be positive within the expected bullish track, for the EUR/USD pair to touch the first target achieved during the previous report at 1.090, recording its highest level at 1.0913. Technically, the pair found a strong resistance level around the psychological barrier 1.0900, and failed to stabilize …

Oil, Crude, trading

We remained neutral during the last report due to conflicting technical signals for CAD, explaining that activating short positions depends on breaking 1.3350, targeting 1.3300, and recording a low of 1.3299. Technically, and with a closer look at the 240-minute chart, we notice the continuation of the negative pressure of …