Technical Analysis

As we expected, the British pound achieved substantial gains against its Japanese counterpart, touching the official target during the previous trading session at 156.10, recording a high of 156.15. On the technical side, we maintain our positive outlook, relying on the pair’s continuation of obtaining a positive stimulus from the …

The Canadian dollar maintains the bearish path as expected, touching our awaited target during the previous trading session at 1.2365, recording its lowest level at 1.2350. Technically, with the stability of trading below the previously broken support-into-resistance at 1.2420, in addition to the continuation of the negative pressure coming from …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged, and the movements of gold did not change significantly during the previous trading session, as part of attempts to breach the resistance level of the psychological barrier 1800, unable to breach it so far. Technically, by looking at the 4-hour chart, we notice a conflict …

The single European currency tried to advance after the bullish bias against the dollar within the bullish corrective path, recording a high of 1.1624 and maintaining its intraday movements above the 1.1600 barrier. Technically, and by looking at the 240-minute chart, we notice clear positive crossover signs on the stochastic …

Positive trades dominated the movements of the German DAX index to record its highest level during the previous trading session at 15,285. On the technical side today, we notice that intraday trading tends to be positive due to the index’s bullish momentum from the RSI and the stability of the …

Oil, Crude, trading

The British pound managed to touch the first bullish target published during the previous analysis at the price of 155.00, approaching the next stop by a few points difference at 155.45, recording a high of 155.30. On the technical side, we tend to the positivity in our trading, relying on …

Negative trading dominated the movements of the Canadian dollar for several sessions in a row after it failed to settle above the 1.2500 resistance level, which forced the pair to settle below 1.2460. Technically, with the pair’s failure to maintain trading above 1.2460 and the negative pressure of the 50-day …