Technical Analysis

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 …

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 …