Technical Analysis

Oil, Crude, trading

The British pound managed to touch the retest target published during the previous analysis, at 153.50, recording its highest level during the early trading of the current session, 153.48. Technically, the pair’s success in building a support floor of 152.80 and the price stability above the 50-day moving average increases …

The Canadian dollar has restored the strong support level mentioned in the last report at 1.2500 and still seeks to maintain the bullish corrective slope stable above 1.2480. Technically and carefully looking at the 4-hour chart, we notice the arrival of the stochastic indicator around the overbought areas, in addition …

Oil, Crude, trading

Oil, Crude, trading

Gold prices continued forming an ascending attack to retest the key resistance level at 1768 after retesting the 1755 support floor. Technically, we notice that gold continues to obtain a positive stimulus from the 50-day moving average, which continues to hold the price below, supporting the bullish price curve, accompanied …

The single European currency extended its losses against the US dollar, within the descending wave that started several weeks ago, heading down, as we expected, approaching the awaited 1.1300, noting that breaking the 1.1400 level is the key to extending the decline. Technically, we find the euro settled below the …

The German DAX index failed to confirm breaching the resistance level published during the last report located at 16,110, which forced the index to trade negatively again. On the technical side, we tend to be negative, but with caution, relying on the price stability below 16,110, in addition to the …

Oil, Crude, trading

After several consecutive sessions of the sideways trend tilted to the downside, GBP/JPY managed to touch the first awaited target at 152.50, recording its lowest level at 152.38. On the technical side, the 50-day moving average still supports the possibility of a decline, in addition to stabilizing trading below the …