Oil, Crude, trading
Read More »Gold Showing Signs of Weakness
We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on breaking the 1854 level to target 1835. Gold prices posted the lowest level at the end of last week at 1843. Technically, there is a possibility of …
Read More »The Euro Continues Towards Bearish Targets
The European single currency ended its weekly trading in the red areas within the expected negative outlook with the movements within the current descending wave, touching the first price target area for the last analysis at 1.1265, recording its lowest level at 1.1250. Technically, by looking at the 4-hour chart, …
Read More »Dax Touches Our Rising Goals
The German DAX index achieved our first bullish target published during the previous technical report at 16,290, recording its highest level at 16,286. On the technical side, the intraday movements of the index settled above 16,200, accompanied by clear positive signs on the RSI, in addition to the 50-day moving …
Read More »The Dow Jones is Trying to Catch Breath
Oil, Crude, trading
Read More »GBP/JPY: Positivity Remains
GBP/JPY achieved the first bullish target required to be touched at 154.30, recording its highest level at 154.34. On the technical side, today, we tend to the positivity, but with caution, relying on the pair’s success in building the support floor of 153.80 and most importantly 153.60, accompanied by the …
Read More »The Canadian Dollar Touches The First Target
The Canadian dollar achieved the first target of the bullish corrective slope at 1.2645, recording the highest during the previous trading session, 1.2647. Technically, the resistance level 1.2645 formed negative pressure areas that forced the pair to retest the psychological barrier of 1.2600. By looking at the 4-hour chart, we …
Read More »The Sterling is Witnessing a Gradual Rise
Oil, Crude, trading
Read More »Oil Touches The Extended Downside Target
Oil, Crude, trading
Read More »Gold Within an Unclear Short Trend
The yellow metal is witnessing sideways narrow range movements, limited between support of 1855 and resistance of 1867. Technically, we find that gold prices are still stable below the main supply areas at 1868, 23.60% Fibonacci correction. However, we see the price trying to stabilize above the 50-day moving average …
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