Oil, Crude, trading
Read More »GBP/JPY: Retests Resistance
GBP/JPY traded with clear negativity, as we mentioned during yesterday’s technical report, targeting 149.80, and the pair recorded its lowest level at 149.72. Technically, and with careful consideration of the short time frames, we find the 50-day moving average trying to push the price to the upside, accompanied by the …
Read More »The Canadian Dollar Making Significant Gains
The Canadian dollar’s movements witnessed a positive trading session within the expected bullish context, touching the official station required for the current ascending wave 1.2840. Technically, the current moves are witnessing a bearish tendency as a result of hitting 1.2840, in addition to the stochastic entering the overbought areas intraday. …
Read More »Sterling is Settled Below Resistance
Oil, Crude, trading
Read More »Oil is Surrounded by Selling Pressure
Oil, Crude, trading
Read More »The Direction of Gold is Not Clear
Mixed trades dominated gold prices during the previous trading session. As we mentioned, one of the primary keys for the trend is the resistance level of 1808, which forced the price to rebound to the downside and 1768 on the downside, which is trying to maintain positive stability. The technical …
Read More »Euro Hits a Key Resistance Level
We stayed on the fence during the previous technical report due to the conflicting technical signals, explaining that reactivating the buying positions requires breaking the 1.1330 resistance level, which is a catalyst that helps consolidate gains to retest 1.1375/1.1370, recording the highest 1.1380. On the technical side today, the current …
Read More »GBP/JPY: Facing Negative Pressure
Negative movements dominated the movements of GBP/JPY after it found a resistance level around 151.70, which forced it to retest 150.60. On the technical side, and by carefully looking at the 60-minute chart, we notice the continuation of the negative pressure coming from the 50-day moving average, in addition to …
Read More »The Canadian Dollar Continues to Rise
The Canadian dollar started today’s trading session with an upward bias within the expected positive technical outlook, maintaining the intraday stability above the breached resistance level of 1.2730. Technically, the bullish scenario is still valid and effective, based on the positive motive of the 50-day moving average, which meets around …
Read More »Sterling Maintains The Same Technical Conditions
Oil, Crude, trading
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