Technical Analysis

Oil, Crude, trading

Gold’s movements witnessed a bullish tendency during the last trading session within the attempts that aimed to retest the main resistance level at 1768. However, the price is still seeing stability below the mentioned level. On the technical side, gold hit the 1867 resistance level represented by the 23.60% Fibonacci …

As we expected in the previous report, the euro continues to move negatively against the US dollar, gradually approaching the official target of 1.1400, recording a low at 1.1436 during the Asian session. Technically, and with careful consideration on the 4-hour chart, the price is still moving below the 50-day …

Negative trading dominated the German DAX index, maintaining the negative path, recording a low at 15,977. Technically, we tend to be negative, relying on the clear negative signs on stochastic and losing the bullish momentum and the stability of the intraday trading below the resistance level 16,085. Therefore, completing the …

GBP/JPY did not show any change for the second session in a row within a bearish sideways range, between support level of 152.60 and resistance level of 153.60. Technically, we tend to negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, and the clear …

The Canadian dollar was able to maintain the expected bullish corrective path, which we relied on in the stability of trading in general above the 1.2370 support, in addition to breaching 1.2480, explaining that this helps the pair maintain positive stability, targeting 1.2530 to record the highest at 1.2515 during …

Oil, Crude, trading

Oil, Crude, trading

Mixed trading dominated gold prices within a mixed context. We have indicated during all reports of this week that the levels of risks may be high. Explaining that any trading above the critical resistance 1830 and most notably 1835 can consolidate gold gains for the extended target 1860, to record …

The movements of the European single currency witnessed a noticeable decline against the US dollar within the expected negative outlook in the previous report. Therefore, we relied on trading stability below the resistance level of 1.1610, heading towards the official target station 1.1500, recording the lowest price of 1.1465. Technically, …