Technical Analysis

The 1964 resistance levels limited the bullish bias, which formed strong supply areas that forced gold prices to retest the previously breached resistance-into-support level around 1942. On the technical side, the current gold movements are witnessing stability around the lowest level during the Asian session, around 1942, and by looking …

The single European currency opened its first weekly trading with a bearish bias after failing to breach the strong supply area published during the last analysis at 1.1060. It represents one of the most important directional keys that forced the pair to retest 1.0950. Technically, the current movements of the …

Positive moves dominated the German DAX index’s movements yesterday, building on solid support floor 14200, which we previously mentioned as one of the most important directional keys. On the technical side, the 50-day simple moving average has returned to hold the price from below, as we find the 14-day momentum …

Oil, Crude, trading

Noticeable negative trades dominated the movements of the Canadian dollar within the expected official bearish direction, explaining that trading below 1.2560 opens the way for the pair to visit 1.2480, to be satisfied with recording the lowest 1.2509. From the angle of technical analysis today, and by looking at the …

Oil, Crude, trading

Gold prices maintained their gains as we expected to reach the official target at 1960, recording its highest level of 1966.00. Today’s technical vision indicates the possibility of resuming the rise, with the price confirming the breach of the 1943 resistance-into-support level and the positive signals coming from the 14-day …

The EUR/USD pair moved in the expected bearish path, but it did not show solid movements for two consecutive sessions, trying to build on 1.0960 support level. Technically, despite the pair’s attempts to achieve some bullish rebound, benefiting from the pivot on the 1.0960 support floor, we also find that …

In the previous session, the German DAX index experienced strong selling after it failed to maintain trading above 14,400 levels to record the lowest at 14,212. Technically, by looking at the 4-hour chart, we notice the negative pressure leading from the 50-day moving average, accompanied by the clear negative signs …

Oil, Crude, trading