Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality during the previous report, due to the conflicting technical signals, to notice the bullish rush witnessed by the yellow metal at the end of last week’s trading, and to remind us that to confirm these buying positions, it requires breaching 1799 to target 1816 to …

The euro achieved the expected negative outlook we mentioned in the previous analysis within the gradual negative moving towards the awaited target at 1.1500, recording the lowest price of 1.1513 at the end of last week’s trading. Technically, by looking at the chart, the euro is trying to rebound upwards …

A noticeable rise for the German DAX index, touching the first target at 16,020, to record its highest level at 16,053. On the technical side, the daily trend is still bullish due to the stability of the intraday trading above the support level 15,790/15,780 and the positive signals from the …

Oil, Crude, trading

The pound declined against the Japanese yen, remarkably within the expected bearish path, surpassing the second target required, at 154.40, to record as low as 153.12. On the technical side, the bearish trend is still more likely today due to the continuation of negative pressure from the simple moving averages …

The Canadian dollar succeeded in maintaining its gains within the bullish corrective slope mentioned yesterday, touching the first target for the bullish correction at 1.2480, recording the highest price at 1.3477. Technically, the current movements are witnessing stability for the pair above 1.2400, supported by the positive stimulus of the …

Oil, Crude, trading

Oil, Crude, trading