Technical Analysis

GBP/JPY managed to achieve the expected positive outlook yesterday, touching the first target around 154.80, to record its highest level at 154.82. On the technical side today, the daily trend is still tilting to the upside due to the positive motive of the simple moving averages that continue to carry …

Oil, Crude, trading

The Canadian dollar failed to confirm breaching the psychological resistance level of 1.2500, which we mentioned during the previous analysis. Instead, it represents the key to the beginning of a bullish bias, which forced the pair to trade negatively again, recording the lowest level at 1.2434. Technically, today, and carefully …

Gold prices witnessed positive, but still limited movements aimed at retesting the pivotal resistance level published during the reports of this month at 1768, and it is still stable below it so far. Today’s technical vision indicates the possibility of resuming the decline, relying on price stability below 1768 represented …

The single European currency continues to creep negatively against the US dollar, within the expected bearish context, gradually approaching the first target of 1.1500, recording its lowest price at 1.1524. Technically, the current moves are witnessing a slight bullish slope due to the positive signals coming from the RSI on …

The German DAX index continues to incur losses after hitting a strong resistance level at 15,223, which forced it to move negatively and stable around the lowest level of 15,115. On the technical side, we tend to the negativity, relying on the stability of trading below the mentioned resistance level …

Oil, Crude, trading

Positive trading dominated the pound’s movements against its Japanese counterpart during the previous trading session, heading towards touching the official target to be achieved at 154.40, recording its highest level at 154.50. Technically, with the pair still obtaining a positive stimulus from the 50-day moving average, in addition to the …

The Canadian dollar found an excellent support floor around the support level posted during the previous analysis at 1.2445, forcing it to retest the previously broken support level and now turn into the 1.2500 resistance level. Technically, and by carefully looking at the chart, we notice that the stochastic indicator …

Oil, Crude, trading