Technical Analysis

The Canadian dollar achieved noticeable gains during last week’s trading, within the expected bullish path, after it succeeded in breaching the resistance level 1.2710, to reach the highest level at 1.2787. Technically, and carefully looking at the 240-minute chart, we note the current negativity features that started appearing on the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in retesting the main demand area published in the last report, at 1797, which forced the price to rebound bullishly, approaching the required price station at 1820, posting its highest at 1810. The 14-day momentum indicator provides positive signals on the technical side, and the price stability …

The movements of the European single currency witnessed an upward bias during last week’s trading, surpassing the target at 1.1380, to record its highest level at 1.1483. Technically, and by looking at the 4-hour chart, we notice the signs of negativity that started appearing on the stochastic as a result …

Oil, Crude, trading

Positive trading dominated the pound’s movements against the Japanese yen within the ascending path published in the previous analysis, touching the target price station at 155.45, recording the highest price of 155.45. On the technical side, the pair’s current movements are witnessing a bullish bias, building on 154.70 support level, …

Narrow sideways trading dominates the movements of the Canadian dollar for the third consecutive session, between 1.2660 and 1.2700 without any change in the technical outlook. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get more bullish momentum, in addition …

Oil, Crude, trading

Oil, Crude, trading