Technical Analysis

The German DAX index witnessed a negative trading session after it found negative pressure to hit the resistance level 15,540, which forced it to retest 15,185. On the technical side, today, we tend to the negativity, considering that the RSI gained more bearish momentum due to stabilizing below the mid-line …

Oil, Crude, trading

The negative trades regained control over the movements of the British pound against the Japanese yen after it hit the resistance level of 154.75 to start its daily trading on a bearish slope. On the technical side today, and carefully looking at the 60-minute chart, we notice the clear negative …

The Canadian dollar built on a solid support floor published during the previous analysis at 1.2565, explaining that the mentioned level can push the pair upwards, targeting 1.2700, to record the highest level during the morning trading session at 1.2715. Technically, we tend to the upside, relying on the breaching …

Oil, Crude, trading

Oil, Crude, trading

Gold prices reversed the expected bullish tendency during the previous analysis. We relied on the stability of trading above the support line of the ascending price channel located at 1825. As we mentioned, any attempts to break the mentioned level can stop the bullish trend and start negative pressure on …

The single European currency succeeded in touching the goals mentioned in the previous report at 1.1220, recording its lowest level during the early trading of the current session at 1.1220. Technically, looking at the 4-hour chart, we notice the negative pressure of the simple moving averages that support the bearish …

Limited positive trading returned to control the pound’s movements against the Japanese yen during the previous trading session, benefiting from approaching the psychological barrier support level 153.00, recording its lowest price at 153.12. Technically, the pair’s current moves are witnessing stability and a pivot above the support level of 153.20, …

The Canadian dollar is positively trying to recover after confirming the breach of the resistance level 1.2526 to retest the strong resistance level 1.2670. Technically, by carefully looking at the 4-hour chart, we notice that the 50-day moving average is still holding the price from below, supporting the attempts to …