Technical Analysis

Oil, Crude, trading

The price metal managed to touch the target published in the previous analysis at 1768, recording its lowest price at 1767, to bounce back up, building on the 1768 support. The price is now hovering around the highest level during the current session, trading at 1788. Technically, the moves are …

Sideways trading dominated the euro’s movements, confined between the support level of 1.1240 and the resistance level of 1.1330. Technically, looking at the 4-hour chart, the simple moving averages are trying to form a support base around 1.1250/1.1240 in conjunction with the RSI getting bullish momentum signals on the short …

The German DAX index witnessed a negative trading session, witnessing significant losses, after it managed to break the support floor published last Friday at 15,860, to record its lowest level at the end of last week’s trading at 15,020. Today, we tend to the negativity, given the negative pressure coming …

Oil, Crude, trading

USD/JPY movements witnessed a negative trading session within the expected proactive path, touching the first target of 152.00, approaching by a few points near the second target of 151.50, recording the lowest price at 151.70. Technically, and with careful consideration on the 4-hour chart, we notice that the simple moving …

The Canadian dollar continues to achieve gains within the expected bullish path, after it managed to establish a solid support floor around 1.2590, touching our target at the end of last week’s trading at 1.2770, recording a high around the resistance of the psychological barrier 1.2800. Technically, the bullish scenario …

Oil, Crude, trading

Oil, Crude, trading

At the end of last week, mixed trading dominated gold prices within an unclear short trend after it managed to break 1797. We explained that trading above the 1804 resistance level might push the price towards 1825, recording a top at 1815 then quickly declining to settle at 1797. Technically, …