Technical Analysis

Gold prices touched the required official station during the previous trading session at 1785, recording its lowest level at 1780, to witness the stability of the current movement below the broken support level 1797. Technically, and carefully by looking at the 240-minute chart, we notice the clear negative signs on …

The single European currency declined during last Friday’s trading, gradually approaching the psychological support level of 1.1100, to record its lowest level around 1.1120. Technically, the euro is challenging to confirm breaking 1.1100, and the current moves are witnessing stability above the mentioned level. Furthermore, by looking at the 60-minute …

Mixed trading Dominated the movements of the German DAX index during the previous session to find a good support floor around 15,1120, which forced it to rebound slightly upward. On the technical side, today, and carefully looking at the 60-minute chart, we find stochastic started losing the bullish momentum gradually, …

Oil, Crude, trading

Mixed trading dominated the pound’s movements against the Japanese yen within a not-good technical context, trying to build above the support level of 154.00. On the technical side today, the pair’s intraday movements are witnessing a slight bullish tendency due to stabilizing above the psychological support level of 154.00, as …

The Canadian dollar jumped, achieving noticeable gains as expected, coming close by a few points from the required target of 1.2765, recording its highest level at 1.2748. Technically, the pair succeeded in establishing a solid support floor around 1.2665, accompanied by the positive motive of the 50-day SMA and the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices witnessed significant losses during the last session within the expected bearish path, heading to touch the official target 1797, bypassing the official station, touching the next target 1790, recording its lowest price of 1791. Technically, the bearish trend is still intact today due to the negative pressure coming …

The euro faced noticeable losses against the US dollar during the previous trading session, within the expected path, touching the first official goal at 1.1160, approaching the second target of 1.1120, recording its lowest level at 1.1130. Technically, and by carefully looking at the 4-hour chart, we notice that the …