Technical Analysis

Oil, Crude, trading

The British pound against the Japanese yen reversed the bearish trend as we expected, to return to stability again above the resistance level of 152.00, recording the highest price of 152.36 during the morning session of the current session. On the technical side today, and with the return of trading …

The Canadian dollar succeeded in touching the awaited official station during the previous analysis within the expected bearish path. Therefore, we relied on the price stability below 1.2600, heading to visit the official target of 1.2530, recording the lowest price at 1.2532. From the technical analysis point of view today, …

Oil, Crude, trading

Oil, Crude, trading

The pivotal resistance at 1768 managed to limit the bullish bias, and the gold price failed to breach it over several consecutive sessions. Today’s technical aspect indicates fluctuation within a sideways range between the 1768 resistance level, the 61.80% Fibonacci correction, and the 1747 support level. By looking at the …

The technical outlook is unchanged, and the euro’s movements did not change significantly against the US dollar for the third consecutive session, maintaining the negative stability. Technically, the euro retested the previously broken support level at 1.1570/1.1560, and the intraday movements are witnessing stability below the mentioned level. By looking …

GBP/JPY failed to stabilize for a long time above the psychological barrier resistance of 152.00, to record the highest level of 152.16, whereby the current moves witnessed a bearish bias on the short time frames. Today’s technical outlook indicates the possibility of further decline due to the clear negative signs …

The Canadian dollar made positive attempts during the previous trading session, approaching the retest target at 1.2660, to post a high of 1.2648. Technically, the pair’s trading returned to stability below the psychological support level of 1.2600, with the continuation of the negative pressure coming from the 50-day moving average. …

Oil, Crude, trading