Technical Analysis

Negative trading dominated the movements of the pound sterling against its Japanese counterpart within the expected bearish path during the previous analysis, touching the awaited target 157.30, recording its lowest level in the last session’s trading session, 156.78. On the technical side today, and by looking at the 60-minute chart, …

The Canadian dollar was able to activate the idea of ​​retesting the resistance published during the previous analysis. We relied on intraday stability above the 1.2300 support level to raise risk appetite for an intraday rise towards our awaited target of 1.2375, recording the highest level at 1.2388. Technically, despite …

Oil, Crude, trading

Oil, Crude, trading

Bearish trading tends to the positivity that dominated gold’s movements during the previous trading session, and there was no significant change in the technical signals. On the technical side today, we find the simple moving averages still supporting the bullish price curve, accompanied by positive signals coming from the RSI …

Sideways trading with the narrow range dominating the euro’s movements against the US dollar, confined from the bottom above the psychological support level of 1.1600 and below the resistance level of 1.1680. Technically, we notice some bearish bias due to trading stability below the 1.1680 resistance level represented by the …

The German DAX index hit the pivotal resistance level published during the last analysis, represented by our official target during the previous report at 15,550, recording its highest level at 15,550, trading with negativity during the current session. Technically, we are inclined to the negativity, relying on the stability of …

Oil, Crude, trading

The pair hit the strong resistance mentioned in yesterday’s analysis at 158.20, which we mentioned as an essential condition to complete the bullish trend, pushing the pair to trade negatively again at 157.40. Technically, the bullish trend is still valid and effective. Still, with a closer look at the 60-minute …

The Canadian dollar declined significantly, touching the required target for the second consecutive session at 1.2300, recording its lowest level during the Asian session’s trading of 1.2288 for the current session. Technically, despite the official bearish trend accompanied by the continuation of negative pressure from the simple moving averages, we …