Technical Analysis

We adhered to intraday neutrality during the previous decision due to a conflict between the technical signals. However, we made it clear that breaching the 1880 resistance level could consolidate gold gains to visit our first target for the previous report at 1887, so that gold prices recorded their highest …

Positive, calm trades dominated the movements of the EUR/USD pair within the expected bullish path and a gradual rise to the top, touching the first target to be achieved yesterday at 1.0780, recording its highest level at 1.0778. Technically, we find the current movements of the pair trying to settle …

Oil, Crude, trading

Limited positive attempts for the Canadian dollar during the last trading session aimed at retesting the previously broken support level, which was turned into resistance at 1.3460. Technically, and by looking closely at the 4-hour chart, we find that positive crossover signs started to appear on the stochastic indicator, accompanied …

Oil, Crude, trading

Mixed movements are still controlling the prices of US crude oil futures contracts to move in both the bearish and bullish paths without getting a solid directional signal. The technical outlook remains unchanged, with oil’s stability moving below 75.60. We find the 50-day simple moving average, continuing the negative pressure …

Sideways trading dominated gold’s movements yesterday, trying to attack the main resistance level of the current price range at 1880 but unable to breach it until now. Technically, by looking at the chart with a 4-hour interval, we find the simple moving averages support the daily bullish price curve accompanied …

The euro-dollar pair did not show strong movements during the previous trading session, as part of its attempts to breach the strong supply zone published in all technical reports for the current week at the price of 1.0740, representing the key to the continuation of the bullish trend. On the …

Oil, Crude, trading

As we expected, a bearish trend dominated the Canadian dollar’s movements with a gradual decline to the downside, approaching the official target of 1.3320, posting its lowest level at 1.3355. Technically, the most favourable direction is still bearish, with the negative pressure of the simple moving averages, which continue to …