Technical Analysis

Oil, Crude, trading

The Canadian dollar declined noticeably, canceling the expected positive outlook in the previous analysis, in which we relied on the stability of trading above the 1.2570 level. Accordingly, we indicated that any trading below 1.2570 will postpone the attempts to rise and put the pair under negative pressure to target …

Oil, Crude, trading

Gold prices repeated their attempts to rise again, benefiting from stability above the 1940 support level, rebounding to the upside to retest the previously broken support level that turned into the 1959 resistance level. On the technical side, the 50-day simple moving average is still trying to pressure the price …

We adhered to intraday neutrality during the previous analysis, explaining that we prefer to monitor the price behavior of the pair around the 1.0770 support level, explaining that the pair’s success in building the level above, in addition to confirming the breach of 1.0840, leads the pair to recover, targeting …

Oil, Crude, trading

Oil, Crude, trading

Positive attempts for the Canadian dollar continue but are still limited to finding a good demand area around the level published in the previous analysis at 1.2570, and the pair is still stable above it so far. Technically, we find the 50-day moving average still holding the price from below …

Oil, Crude, trading

Gold prices were able to retest the support published in the previous analysis, explaining that trading below 1959 forces the price to activate the selling scenario to visit our 1956 and 1950 targets, respectively, for gold to record its lowest level in 1943. Technically, and by looking at the 4-hour …