Technical Analysis

Negative trading dominated the Canadian dollar’s movements, trying to pressure the pivotal support level at 1.2465 to end its daily trading above that level. Technically, there is a conflict in the technical signals between the attempts of the stochastic indicator to obtain positive signals that increase the possibility of an …

Oil, Crude, trading

Oil, Crude, trading

Gold prices achieved noticeable gains and reversed the bearish trend as we expected, in which we relied on trading stability below the 1820 resistance level, recording the highest level at 1844. Technically, trading above the previously breached resistance-into-support at 1820 price supports the possibility of the upside and price movements …

The moves of the single European currency showed sideways movements that tended to the upside, building on the support of the psychological barrier 1.1300, and the pair is now hovering around its highest level during the early trading of the current session 1.1350. Technically, by looking at the 4-hour chart, …

The German DAX index failed to achieve the temporary positive outlook published during the previous analysis. We mentioned that breaking 15,880 puts the index’s price under intense negative pressure, targeting 15,800, to record the lowest price of 15,655. Technically, and carefully looking at the 4-hour chart, we notice that the …

Oil, Crude, trading

Negative trading has regained control over the movements of GBP/JPY after it failed to maintain trading above the 155.90 support level, which forced the pair to trade with clear negativity during the early trading of the current session. On the technical side today, we notice the negative pressure coming from …

The technical outlook is unchanged and the movements of the US dollar against the Canadian dollar did not change significantly, maintaining the same technical conditions of the previous session. Technically, there is a conflict in the technical signals between the RSI attempts to obtain positive signals that increase the possibility …

Oil, Crude, trading