Technical Analysis

Quiet trading dominated the movements of the Canadian dollar, tending to the negative after it temporarily failed to maintain stability above the 1.2880 support level, approaching the target that is required to be visited around 1.2775, recording its lowest level at 1.2795. Technically, there are cohesion attempts above the psychological …

Oil, Crude, trading

We adhered to intraday neutrality during the last report due to the conflicting technical signals and the lack of clarity of direction, explaining if the breach of the 1832 resistance level is confirmed, this is a catalyst factor that may enhance the chances of the price rising to visit 1840, …

The movements of the euro witnessed a noticeable increase during the previous trading session, with increasing bets that the European Central would raise interest rates and the decline of the US dollar, reaching its highest level at 1.0563. Technically, we find the euro succeeded in breaching the 1.0460 resistance level, …

Oil, Crude, trading

Oil, Crude, trading

Positive trading dominated the movements of the pound sterling against its Japanese counterpart during the first trading of this week as part of an attempt to compensate for the losses that the pair witnessed last week, recording its highest level of 159.70. On the technical side, today, the pair’s current …

Strong negative trades dominated the Canadian dollar’s movements yesterday, nullifying the expected positive outlook during the previous analysis. As a result, we depended on trading stability above 12910, recording the lowest price at 1.2820. Technically, we find the simple moving averages are back to pressure the price from above, and …

Oil, Crude, trading

Gold prices approached the bearish target published during the previous analysis at 1780, to settle for its lowest price at 1786, to find a support floor there around the mentioned level, which forced it to retest the 1823 resistance level, recording its highest level during the early trading of the …