Technical Analysis

The Canadian dollar managed to touch the second official target of the bullish corrective slope published during the last analysis, at 1.2720, recording its highest level during the early trading of today’s session 1.2716. Technically and by looking at the 4-hour chart, we notice that the simple moving averages continue …

Oil, Crude, trading

Oil, Crude, trading

Gold prices experienced intense selling during the previous session’s trading. As we mentioned during the last analysis, signs of weakness in the bullish trend began to appear, surpassing the second official target 1830, recording the lowest of 1802. Technically, we notice the beginning of a bearish technical structure that supports …

The euro against was able to reach the first price target published during the previous analysis against the US dollar at 1.1220, recording its lowest level during the last trading session of 1.1225. Technically, Stability below the simple moving averages supports the bearish curve in prices and gains solid bearish …

The German DAX index hit the vital supply area published during the previous analysis, at 16,290. We indicated during the last analysis that its breach is a condition of obtaining more rise. Today’s technical aspect indicates the possibility of continuing the daily bearish trend. Still, with a closer look at …

Oil, Crude, trading

GBP/JPY succeeded in achieving the first ascending target at the price of 154.50, which must be touched, during the report issued last Friday, recording the highest price of 154.47. Technically, we tend to a positive trading session, relying on the positive motive of the 50-day moving average, which continues to …

Noticeable positive trades dominated the US dollar against the Canadian dollar within the idea of ​​the expected bullish correction during all reports of the past week, benefiting from establishing a solid support floor around 1.2500, recording the highest level at 1.2662. Technically, the price has consolidated above the support level …

Oil, Crude, trading