Technical Analysis

The Canadian dollar successfully retested the strong support at 1.3350, which helped it achieve a bullish bounce, to hover now around its highest level during the morning trading of the current session at 1.3435. Technically, the simple moving averages support the possibility of a bullish bias, supported by the clear …

Oil, Crude, trading

US crude oil futures prices achieved our first target during the previous trading session, which is at 78.40, to record its highest level at $78.53 per barrel. Technically, oil is still maintaining its bullish context after establishing a good support base of around 78.00, accompanied by the positive impulse of …

Gold prices found a strong resistance level around the level published during the previous technical report at 1885, which forced gold prices to maintain the bearish context, to return once again to test the 1869 support level. Closer looking at the chart, we find the movements confined between 1870 and …

Sideways trading tended to be negative, as the movements of EUR/USD were confined between the support of the psychological barrier of 1.0700 and the resistance level of 1.0800/1.0780. Technically, we tend to be negative in our trading, relying on the continuation of the pair obtaining negative pressure from the simple …

Oil, Crude, trading

The Canadian dollar found a strong selling point around the required target to be touched yesterday at 1.3470, recording its highest level at 1.3470, to start a rapid decline to the downside, to retest the support level of 1.3380, to witness the intraday movements of the pair around the mentioned …

Oil, Crude, trading

US crude oil futures prices jumped to achieve noticeable gains within the expected upward path during the previous report, surpassing the required retest target of 76.60, recording a high of $77.55 per barrel. Technically, we continue to suggest the bullish daily direction, relying on the positive impulse coming from the …

Limited positive attempts by gold prices to compensate for their recent losses, as yesterday’s movements witnessed an upward variation affected by the speech of the Federal Reserve Chairman, explaining yesterday that we may witness fluctuation in prices at the time of the speech, to record its highest level of 1884 …