Technical Analysis

Noticeable positive trades dominated the US dollar against the Canadian dollar within the idea of ​​the expected bullish correction during all reports of the past week, benefiting from establishing a solid support floor around 1.2500, recording the highest level at 1.2662. Technically, the price has consolidated above the support level …

Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on breaking the 1854 level to target 1835. Gold prices posted the lowest level at the end of last week at 1843. Technically, there is a possibility of …

The European single currency ended its weekly trading in the red areas within the expected negative outlook with the movements within the current descending wave, touching the first price target area for the last analysis at 1.1265, recording its lowest level at 1.1250. Technically, by looking at the 4-hour chart, …

The German DAX index achieved our first bullish target published during the previous technical report at 16,290, recording its highest level at 16,286. On the technical side, the intraday movements of the index settled above 16,200, accompanied by clear positive signs on the RSI, in addition to the 50-day moving …

Oil, Crude, trading

GBP/JPY achieved the first bullish target required to be touched at 154.30, recording its highest level at 154.34. On the technical side, today, we tend to the positivity, but with caution, relying on the pair’s success in building the support floor of 153.80 and most importantly 153.60, accompanied by the …

The Canadian dollar achieved the first target of the bullish corrective slope at 1.2645, recording the highest during the previous trading session, 1.2647. Technically, the resistance level 1.2645 formed negative pressure areas that forced the pair to retest the psychological barrier of 1.2600. By looking at the 4-hour chart, we …

Oil, Crude, trading