Technical Analysis

Oil, Crude, trading

Gold prices declined significantly since the beginning of this week’s trading within the expected bearish path mentioned in the last technical report; trading below the pivotal support floor extends losses to visit 1907, recording its lowest level during the current week of 1891. On the technical side today, and by …

As was expected during the last report, the single European currency continued losses against the US dollar, exceeding the station required to be achieved at 1.0680, recording its lowest level at 1.0638. Technically and by carefully considering the 4-hour chart, we notice the continuation of the negative pressure of the …

Oil, Crude, trading

Oil, Crude, trading

As we expected during the most recent analysis, the Canadian dollar jumped, touching the target that is required to be touched at the end of last week’s trading, around 1.2700, recording its highest level at 1.2726. Technically, by looking at the 4-hour chart, we notice the 50-day moving average continuing …

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