Technical Analysis

Oil, Crude, trading

Gold’s attempts to maintain bullish stability continued after retested the 1956 support level. Still, prices hit the resistance level published during the previous analysis at the 1980 price, explaining that resuming the rise requires breaching this level. Technically, today, we notice that the resistance level of the ascending price channel …

The euro’s movements witnessed a limited bullish tendency after finding a solid support floor near the psychological barrier of 1.0800, which helped the pair make a bullish bounce to test the 1.0900 resistance level. Technically and carefully considering the 4-hour chart, we notice that the 50-day moving average is still …

Oil, Crude, trading

Oil, Crude, trading

As we expected, the Canadian dollar continues to gain more bullish momentum, touching the first official target that must be achieved at 1.2660, recording the highest at 1.2661. Technically, the pair’s success in stabilizing above the 1.2600 resistance-into-support and the 50-day moving average supports the daily bullish price curve. Therefore, …

Oil, Crude, trading

Gold prices jumped during the previous trading session after we stayed on the fence, explaining that we are waiting for a new signal to continue the upside and breach of 1960 increases and accelerate the strength of the bullish trend, targeting 1978 to record gold at its highest level at …

The single European currency slowly moves to the downside within the expected bearish path. It begins by pressing the support level published during the previous analysis, at 1.0830. Technically, there is a possibility of resuming the bearish trend, with the continuation of the negative pressure of the simple moving averages …

Oil, Crude, trading