Technical Analysis

The British pound reached the official target at 164.65, surpassing the target to record its highest level of 165.75. Technically, we tend to the positivity, relying on the pair’s success in stabilizing above 163.65, accompanied by obtaining a positive stimulus from the 50-day simple moving average, which returned to hold …

Positive attempts by the Canadian dollar to maintain positive stability after it built a strong support level at 1.2885 within a gradual ascent to the upside. Technically, we tend to the positivity, relying on the positive motive coming from the 50-day simple moving average, which continues to hold the price …

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis due to the conflict of technical signals, explaining that activating the buying positions requires coherence above 1842, which enhances the possibility of touching 1846 and 1850, respectively, and extends the targets to visit 1860 so that gold reaches its highest level …

The previous trading session witnessed the performance of the single European currency, which achieved a noticeable rise to reflect the expected negative outlook during the last analysis, in which we relied on the stability of trading below the pivotal resistance level of 1.0500 and, most importantly 1.0550. We indicated during …

Oil, Crude, trading

Mixed trades dominated the movements of GBP/JPY during the previous trading session, within attempts to provide a positive bias, building on stability above the support floor 162.30. Technically, and carefully looking at the 60-minute chart, we find the 50-day simple moving average trying to push the price to the upside …

The Canadian dollar found a pivotal resistance level at the psychological barrier of 1.3000, which forced it to trade with limited negativity towards retesting the 1.2885 support level, which hovers around the pair’s current trading. Technically, the daily trend is still bullish, but we may witness a bearish bias in …

Oil, Crude, trading

Mixed trading dominated gold’s movements during yesterday’s trading session, affected by the Federal Reserve’s decision to raise interest rates by 75 basis points, recording the highest at 1841 and the lowest around 1807. On the technical side, today, the current moves are witnessing stability below the resistance level of 1842, …