Technical Analysis

Oil, Crude, trading

Gold prices declined significantly at the end of last week’s trading, under pressure from the rise of the US currency, to find that gold succeeded in retesting the 1850 level, recording its lowest level at 1848 after recording the highest at 1874. Technically today, and by looking at the 4-hour …

The bearish tendency regained control over the euro’s movements against the US dollar to start its first weekly trading, quietly declining to the downside, stable around its lowest level during the morning trading of the current session, 1.0725. Technically, and by looking at the 4-hour chart, we find the pair …

Oil, Crude, trading

The British pound touched the bullish target required during the last analysis, at 163.10, recording a high of 163.32. On the technical side, the pair failed to stabilize for a long time above the psychological barrier resistance level 163.00, which forced it to trade negatively significantly to retest 162.00. With …

Tight sideways trading dominated the Canadian dollar’s movements yesterday, touching the strong support floor at 1.2600 and below the resistance level of 1.2690. Technically and carefully looking at the 60-minute chart, we find that the RSI is trying to gain more bullish momentum; this comes in conjunction with the positivity …

Oil, Crude, trading

Sideways trading without a clear direction dominated gold prices during the previous trading session to retest the 1850 resistance, unable to consolidate above it. Technically, and by looking at the 4-hour chart, we find gold stable below 1850, the previously broken support and now converted into a resistance level accompanied …

The single European currency declined during the previous session’s trading within the expected bearish path during the last analysis, in which we relied on breaking 1.0670, heading towards touching the first required target at 1.0625, recording its lowest level at 1.0627. Technically, and by looking at the 4-hour chart, we …

Oil, Crude, trading