Gold’s attempts to compensate for its losses failed yesterday after it found a strong resistance level near 1642, which formed an obstacle that could limit recovery attempts, approaching by a few points from our target of 1618, recording its lowest price at 1622. Technically, there was no significant change in …
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The single European currency continues to crawl negatively against the US dollar within the bearish directional movement and within the expected bearish context yesterday, touching the first target to be achieved at 0.9550, recording its lowest level during the morning trading of the current session at 0.9542. Technically, today, and …
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Oil, Crude, trading
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A strong rise for the Canadian dollar within its highest levels in several years, attacking the 1.3800 level, recording the highest 1.3810, after establishing good support around 1.3620. Technically, and by looking at the 4-hour chart, we notice the overbought signs that started to appear on the stochastic indicator and …
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Oil, Crude, trading
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US crude oil futures prices declined, recording $76.30 per barrel within the strong selling wave that the markets were exposed to at the end of last week’s trading. Technically, trading stability below 78.00 supports the possibility of a drop, in addition to the negative crossover of the simple moving averages …
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Gold prices continue to achieve losses against the aggressive rise of the US dollar, recording its lowest level during the first trading of this week, $ 1621 per ounce. Today’s technical aspect indicates the possibility of resuming the bearish directional movement, adopting the criteria of dealing with descending price channels, …
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The general bearish directional movement still dominates the movements of Euro against USD within weak bullish attempts that targeted a retest of 0.9700, and it returns to trading negatively again. On the technical side, with a closer look at the 240-minute chart, we find that the negative crossover of the …
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Oil, Crude, trading
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The Canadian dollar continues its attempts to maintain the bullish path after it retested the strong support floor located at 1.3400, forcing it to rebound to the upside once again within the expected bullish context. From the technical analysis point of view, we tend to rise cautiously, relying on the …
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