Technical Analysis

The euro’s movements against the US dollar did not witness much change, but it found a good support floor around the demand level of 1.0770. Technically, and by looking at the 4-hour chart, we notice the continuation of movement below the resistance of the descending price channel at 1.0840/1.0830. This …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar is trying to recover again within successful attempts to get more bullish momentum to retest the 1.2645 resistance level. Technically, by looking at the 4-hour chart, we notice the return of the 50-day moving average to hold the price from below, in support of the bullish price …

Oil, Crude, trading

During the previous trading session, Gold prices jumped within the expected bullish context in the last analysis. Therefore, we relied on confirming the 1981 breakthrough capable of extending gold’s gains to visit the first target in 1988 and then 2000, recording its highest level in 1999. On the technical side …

The single European currency ended last week’s trading with a noticeable decline within the expected bearish context mentioned in the previous analysis, touching the first official target required around 1.0775, recording its lowest level at 1.757. Technically, the pair witnessed quiet trading due to the European market holiday yesterday. However, …

Oil, Crude, trading

Oil, Crude, trading

During the previous trading session, the Canadian dollar declined noticeably to stop the expected bullish bounce mentioned in the last analysis. The resistance levels of 1.2675 succeeded in limiting the bullish rebound, which forced the pair to retest 1.2560. Technically, with the price stability below the 1.2590 level, 38.20% Fibonacci …