Technical Analysis

Negative trading dominated gold prices last week in the previous trading session after it failed to maintain stability above the 1799 resistance level, forcing it to trade negatively again. Technically, we tend to the negativity, according to the stability of trading below 1799, the main resistance represented by the 50.0% …

We adhered to intraday neutrality at the end of last week’s trading due to the conflicting technical signals, explaining that we are waiting for the price behavior of the euro around the 1.1690 resistance level. Activating the selling positions depends on the decline below the 1.1640 support level, and breaking …

The German DAX index is trading with clear negativity after the resistance level of 15,690 formed a substantial obstacle that forced it to trade negatively and is now hovering around its lowest level during the session at 15,560. On the technical side, the negative pressure coming from the simple moving …

Oil, Crude, trading

Positive trading regained control over the pound’s movements against its Japanese counterpart, benefiting from positive stability above the 156.00/156.30 support level. Technically, we notice the positive crossover signals coming from the stochastic indicator, coinciding with the price’s movement above the 50-day moving average. Therefore, we tend to be positive, but …

Mixed trading dominates the movements of the Canadian dollar within a bearish path to witness the current intraday stability below the support level 1.2370/1.2365. Technically, trading is stable below 1.2370, the 23.60% Fibonacci correction that supports a bearish bias in the coming hours, in addition to the RSI losing the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices found a strong resistance level around 1810, which forced it to trade negatively during the early trading of the current session, and it is now hovering around its lowest level during the session at 1792. Technically, and with a closer look at the 240-minute chart, we find the …

Positive trading dominated the Euro’s movements against the US dollar yesterday, after the European Central Bank President’s statements, reaching its highest level at 1.1692. On the technical side, the intraday trading stability is above the previously breached resistance 1.1640, represented by the 23.60% Fibonacci correction that supports the rise and …