Technical Analysis

Mixed trading dominated the Canadian dollar’s movements yesterday, affected by the Canadian elections, Heading to 1.2860, to record the highest at 1.2895. Technically, and by looking at the chart, we find stochastic is trying to get rid of the current negative signs, and we find the price is stable intraday …

Oil, Crude, trading

Oil, Crude, trading

Yellow metal witnessed Positive attempts during the previous trading session, after several consecutive sessions of losses, retesting the resistance level published in the previous analysis located at 1768. Technically, the current trading is still stable below 1768, 61.80% Fibonacci correction and the simple moving averages are still pressing the metal, …

Quiet trading for the euro against the US dollar tended to the downside, trying to settle above our last target at 1.1700, to witness a temporary bullish bias aimed at retesting 1.1740. Technically, and by looking at the 240-minute chart, we find the stochastic started losing the bullish momentum gradually, …

GBP/JPY started its daily trading with a bearish bias, after it failed to stabilize for a long time above the 151.00 level. On the technical side, we tend to the negativity today, relying on the stability of trading below the mentioned resistance at 151.00, accompanied by the RSI gaining bearish …

The Canadian dollar achieved substantial gains last week, touching the first target required to be achieved in the previous analysis, which is located at 1.2770, to start its daily movements positively, recording the highest 1.2800. Technically, today, the bullish trend is still valid and effective, relying on the stability of …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices were subjected to solid selling pressure due to the rise in the US dollar to be able to touch the target mentioned in the previous analysis, at 1745, recording its lowest level at 1742. On the technical side today, by looking at the 4-hour chart, we …