Technical Analysis

Oil, Crude, trading

We remained on the fence during the previous analysis, explaining that we are waiting for the pending orders to be activated. We explained that trading below 1940 increases the strength of the bearish trend, targeting 1925 , gold recorded a low at 1925. On the technical side today, and by …

The single European currency continues to lose against the strength of the US dollar within the expected bearish technical outlook during the previous analysis, explaining that we are waiting for confirmation of breaking 1.0800 to visit 1.0750 as a first target settled a low at 1.0770. Technically, and by looking …

Oil, Crude, trading

Oil, Crude, trading

The pivotal support levels at 1.2460 managed to limit the bearish bias, which forced the pair to rebound bullishly again, heading to touch the required retest target at 1.2660, bypassing the target to record the highest 1.2590. Technically and carefully considering the 4-hour chart, the positive signs on the stochastic …

Oil, Crude, trading

Limited positive attempts were witnessed by gold’s movements yesterday, unable to breach the pivotal resistance level at 1959, which forced the price to touch the 1936 level. Technically, gold prices got additional support due to the intraday stability above the 1940 support floor. However, with a careful look 240-min chart, …

The single European currency managed to target retesting at 1.0920, recording a high of 1.0936, to return to trading with noticeable negativity due to hitting the resistance level. On the technical side, the euro’s moves returned to stability below the resistance level of 1.0880, most importantly below the psychological resistance …

Oil, Crude, trading