Technical Analysis

A bullish tendency dominated the movements of the Canadian dollar yesterday. However, as a reminder, we remained neutral for the moment due to the conflict between the technical signals, explaining that activating buying positions depends on confirming the breach of 1.3380 to target 1.3410 & 1.3460, to suffice for recording …

Oil, Crude, trading

The price of US crude oil futures witnessed mixed movements during the last trading session to start achieving the expected bearish scenario during the middle of yesterday’s session, touching the required target 77.30, to return to the bullish rebound to test the resistance level of 79.00. Technically, the price moved …

A bearish trend, as we expected, dominated gold prices, touching the first target to be achieved at the price of 1838, and approaching by a few points from the official target station 1828, recording its lowest level at 1830. Technically, by looking at the 240-minute chart, the stochastic is trying …

The single European currency declined significantly against the US dollar, within the downside track, as we expected during the previous technical report, touching the first target to be achieved at 1.0680, to record its lowest level at 1.0660. On the technical side today, we find the EUR/USD pair achieved some …

Oil, Crude, trading

The Canadian dollar is repeating attempts to rise. However, trading is still within a narrow path confined from below, above the support level of 1.3330, and from above, below the resistance level of 1.3380. Technically, the stochastic indicator sent positive intersection signals in the 240-minute timeframe. Furthermore, we find the …

Oil, Crude, trading

Temporary negative movements regained control over the prices of US crude oil futures contracts, nullifying the expected bullish technical outlook during the previous report, in which we relied on the bullish technical pattern, in addition to the price’s stability above 78.30 at the time of the report’s release, to witness …

We adhered to intraday neutrality during the previous report due to the conflicting technical signals, explaining that the 1.0745 level represents one of the most important keys to the direction, explaining that the 60-minute candle sticking above the mentioned level might push the Euro-dollar pair to visit 1.0780, to record …