Technical Analysis

The technical outlook is unchanged, and the movements of the Canadian dollar did not change, maintaining the positive stability within the bullish corrective path. Technically, and with the pair’s success in intraday stability above 1.2510, in addition to the stability of trading above the previously breached resistance level 1.2480 located …

Oil, Crude, trading

Oil, Crude, trading

We adhered to the intraday neutrality at the end of last week’s trading due to the conflicting technical signals and the high-risk levels coupled with the expected return. Technically, we find that gold prices achieved a pivot on the support floor of 1845, which forced the price to rebound bullishly …

The negative moves continue to dominate the euro against the US dollar within a gradual decline to the downside, heading to 1.1400, recording its lowest price at the end of last week’s trading at 1.1433. Technically, the bearish scenario is still the most preferred, based on the regularity of move …

Positive trades dominated the movements of the German DAX index to retest the 16,110 resistance level after it built on a 16,030 support level. On the technical side, today, we tend to the positivity, but with caution, relying on the positive stimulus coming from the 50-day moving average, in addition …

Oil, Crude, trading

GBP/JPY did not show any change for the third consecutive session within a sideways range sloping to the downside, between the support level of 152.60 the resistance level of 153.60. Technically, we are inclined in our trading to the negativity, relying on the negative pressure coming from the 50-day moving …

The Canadian dollar gathered bullish momentum within the expected bullish corrective path after confirming the breach of 1.2470, heading towards touching the first official target of the bullish correction wave at 1.2580, recording its highest level during the early trading of the current session at 1.2600. Technically, and with the …

Oil, Crude, trading