Technical Analysis

Oil, Crude, trading

We adhered to intraday neutrality during the last analysis, explaining that we are observing the price behavior of the bullish wave between 1825 and 1842. Furthermore, we indicated that cohesion above 1825 and 1842 are price motivating factors that increase the possibility of touching 1849, so gold recorded its highest …

The strong support level published during the previous analysis at 1.0470 pushed the price to the upside, as we expected, for the euro to reach the required targets at 1.0550 and 1.0580, recording the highest around the psychological edge of 1.0605. Technically, we find the intraday movements of the euro …

Oil, Crude, trading

GBP/JPY was able to record noticeable gains within the expected bullish path during the previous analysis, touching the official target station of 167.00 and approaching by a few points from the second target of 168.00, recording its highest level at 167.85. Technically, the pair’s intraday movements are witnessing a bearish …

The Canadian dollar presented positive movements yesterday within a narrow ascending path, building on the support level of 1.2920, and it recorded the highest level at 1.2986. Technically and carefully looking at the 240-minute chart, the pair is still stable below the resistance level of the psychological barrier of 1.3000. …

Oil, Crude, trading

Quiet trading tended to the negativity that dominated gold price movements during the previous session, nullifying the expected bullish scenario in which we relied on trading stability above the support floor of 1830, recording its lowest level during the morning trading of today’s session 1825. Technically and by looking at …

EURUSD reached the first awaited target during the previous analysis, at 1.0580, recording its highest level during the last session trading at 1.0582. On the technical side, the pair witnessed a bearish tendency as a result of hitting the resistance level represented by the target of 1.0580, which forced the …

Oil, Crude, trading