Technical Analysis

GBP/JPY succeeded in touching the first target required to be achieved during the previous trading session at 159.50, recording its lowest level at 159.44, which forced it to rebound upwards as a result of hitting the mentioned support. Technically, we find the 50-day simple moving average pressuring the price from …

The technical outlook is unchanged, and the Canadian dollar’s movements did not change much, maintaining the negative stability below the 1.2885 resistance level. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average for the bearish bias, which is exerting its negative pressure, in …

Oil, Crude, trading

Gold prices achieved the first target mentioned in the previous technical report in 1783, recording its highest level in 1788, retreating from it to the downside within the technique of retesting the support around the price of 1755. Today’s technical vision on the 4-hour time frame indicates the price stability …

Mixed trading dominated the movements of the euro-dollar, heading to approach the first official station targeted during the previous report 1.0300, to settle for recording the highest level at 1.0293, which formed a strong resistance level around the psychological barrier that forced the pair to the downside to retest the …

Oil, Crude, trading

The British pound fell against its Japanese rival significantly, at the beginning of this week’s trading, within the expected negative outlook during the previous analysis, touching the first awaited target at the price of 160.40, recording its lowest level at 160.03. Technically, the bearish trend is still dominating the pair’s …

The movements of the Canadian dollar witnessed attempts to recover at the beginning of the first trading sessions of this week. However, it is still limited to facing a strong resistance level around 1.2880/1.2870. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average …

Oil, Crude, trading

Gold prices continued to achieve gains for the fourth consecutive session, reaching the first target of the previous analysis at 1780, recording its highest level at 1780 during the early trading of the current session. Technically, by looking at the 4-hour chart, we notice the price stability above the 50-day …