Technical Analysis

Quiet movements that tended to the upside dominated the euro against the US dollar, with the opening of the first trading sessions of this week to retest the 1.0460 resistance level. Technically, despite the bullish bias, we tend to the negativity, relying on trading stability below 1.0460, the strong supply …

Oil, Crude, trading

The British pound activated the temporary bullish scenario during the analysis issued last Friday, touching the required target at 159.10, and recording the highest level at 159.24. On the technical side, the overbought started appearing on the stochastic 4-hour time frame. The intraday stability was below 158.80 and in general, …

The Canadian dollar retests the support published during the previous analysis at 1.2910, recording its lowest level at 1.2893 before returning to the bullish path. Technically and carefully looking at the 4-hour chart, we notice the rapid bullish bounce that occurred with the stability of trading above 1.2910 accompanied by …

Oil, Crude, trading

Gold prices consolidated their losses against the US dollar within the expected bearish path, touching the required official station at 1800, recording its lowest level at the end of last week’s trading at 1799. On the technical side, today, we tend to the negativity in our trading, relying on the …

The single European currency maintains negative stability against the US dollar, hitting its lowest level during last week’s trading at around 1.0350. Technically, by looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the simple moving averages, which still constitute a hindrance to the …

JPYGBP incurred heavy losses during the last session, surpassing the target that needs to be touched at 159.10, and recording its lowest level at 155.60. On the technical side today, the pair’s current movements are witnessing a limited bullish tendency due to the intraday pivot above 156.60, accompanied by the …

The Canadian dollar jumped, continuing to the upside within the expected bullish context, surpassing the first target that is required to be touched during the previous analysis at 1.3060, recording the highest at 1.3076. Technically, and with careful consideration of the 4-hour chart, we find the resistance level of 1.3060 …

Oil, Crude, trading