Technical Analysis

Mixed trading tilted to the positive dominated the US crude oil futures prices yesterday, to witness the current movements return to the bullish track and hovering around its highest level during the early trading of the current session 91.00. Technically, the positive motive for the 50-day simple moving average supports …

As we expected, a negative trading session witnessed gold price movements within the official descending path, touching the official price target for yesterday’s session at 1727, recording the lowest at 1727. On the technical side today, the negative pressure from the simple moving averages continues, which supports the continuation of …

The euro continues to bleed losses against the US dollar, as we expected during the technical report issued yesterday, heading to touch the target price station at 0.9940, recording its lowest level during the morning session of today’s session 0.9925. Technically, the pair is trading around pivotal areas that must …

Oil, Crude, trading

Positive trades dominated the pound movements against the Japanese yen, trying to build on pivot above the support level 161.50. It hovers around the highest level during today’s morning session, 162.35. Technically, we are inclined to the positivity, relying on the positive motive coming from the 50-day simple moving average, …

The Canadian dollar succeeded in achieving noticeable increases during the last trading sessions of last week, within the expected positive outlook, touching our first target of 1.2960 and heading to visit the second target of 1.3000, recording the highest level at 1.3010. Technically, the pair established a support floor around …

Oil, Crude, trading

US crude oil futures prices achieved the upside, as we expected at the end of last week’s trading, touching the required price station at 92.00, recording its highest level last Friday of $92.08 per barrel. Technically, and with careful consideration on the 4-hour chart, oil prices found strong resistance at …

Gold prices achieved the awaited technical target referred to during the last analysis at 1746, recording its lowest level at the end of last week’s trading at $1745 per ounce. Technically, gold prices are now stabilizing around their lowest level during the early trading session of the current session at …

A strong bearish trend dominated the movements of the euro against the US dollar at the end of last week’s trading, within the expected negative outlook, heading to touch the official price target station at 1.0040, recording the lowest level at 1.0023. Today’s technical outlook indicates the possibility of resuming …