Mixed trading dominated the Canadian dollar’s movements at the end of last week’s trading within an unclear daily direction, to decline quickly as a result of approaching the resistance level of the psychological barrier of 1.3900. Technically, the current movements of the pair are witnessing a stable bearish tendency around …
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Oil, Crude, trading
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US crude oil futures prices declined, nullifying the expected bullish context during the last analysis, in which we depended on the stability of daily trading above 86.65. Technically, and by looking at the 240-minute chart, we find the stability of the intraday trading below 87.00 that supports the decline, in …
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The yellow metal prices achieved the negative outlook as we expected during the previous analysis, explaining that confirming the break of the 1660 support floor facilitated the task required to visit our first target 1646, recording its lowest level at the end of last week’s trading at 1640. Today’s technicals …
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The single European currency reached the first required target last Friday at 0.9810, which formed a strong resistance level, causing the euro to fail to stabilize over the psychological barrier of 0.9800. From the angle of technical analysis today, the pair is now hovering above the support floor level of …
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Oil, Crude, trading
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The Canadian dollar declined quickly yesterday after hitting the resistance level of 1.3980, which forced it to trade negatively, and it is now hovering around the psychological support floor of 1.3700. Technically, we tend to the negativity, relying on the negative crossover of the simple moving averages that pressure the …
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Oil, Crude, trading
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US crude oil futures prices showed positive trading after it took advantage of the consolidation above the support floor of 98.65, which ended its trading today above it. On the technical side, we tend in our trading to the positivity, relying on the positive signals coming from the RSI and …
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Divergent movements dominated the gold’s moves during the last session within a sideways path between 1660 and 1670. Technically, by looking at the 4-hour chart, we find that Stochastic gradually loses bullish momentum and is motivated by the continuation of the negative pressure coming from the 50-day simple moving average. …
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