Technical Analysis

The Canadian dollar successfully retested the 1.2640 support level, which maintained the positive stability of the pair once again to start its daily trading on an upward slope within the attempts to attack the resistance level 1.2730. From the technical analysis point of view, and carefully looking at the 4-hour …

Oil, Crude, trading

Oil, Crude, trading

Gold prices opened the early trading of the current session with an upward bias, building on the support level 1778 to retest the key resistance level 1799. Technically, we notice that the 14-day momentum indicator shows positive signs on the short intervals. Still, negative features started to appear on Stochastic …

The negative movements still dominate the euro against the US dollar within a bearish trend towards the price target required to be achieved at 1.1200, recording its lowest level at 1.1186. Technically, the momentum indicator still provides negative signals on the short intervals accompanied by the clear negative pressure on …

The German DAX index declined within the bearish context mentioned in the last analysis, heading to visit the official target of 15,960, recording its lowest level at 15,860. Technically, the index returned to the bullish bounce, building on a strong support floor of 15,860, accompanied by the positive motive for …

Oil, Crude, trading

The USD/JPY was little changed, and the technical outlook remained the same, within a tendency to rise, recording its highest level at 154.22. On the technical side, we are inclined to the positivity, based on stability and intraday stability above the support level of 153.40, in addition to the clear …

The Canadian dollar could trade within the bullish correction tendency indicated during the past weeks, recording the highest level at 12745. However, the intraday movements are witnessing temporary adverse movements that hit the resistance level 1.2730 23.60% correction. Technically, and carefully looking at the 4-hour chart, we notice that the …

Oil, Crude, trading