Technical Analysis

Oil, Crude, trading

GBP/JPY failed to confirm breaching the psychological resistance level of 152.00, to return to trade negatively, touching the stop-loss order at 151.60, recording the lowest around 151.45. On the technical side today, the pair closed below the mentioned resistance level at 152.00, accompanied by the negative pressure of the 50-day …

The Canadian dollar jumped, achieving the bullish scenario as we expected. We relied on trading stability above the solid support floor 1.2600, heading towards touching 1.2720, recording the highest price at 1.2762. Technically, by looking at the 4-hour chart, we find the simple moving averages continue to hold the price …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated gold prices during the previous trading session, within the expected bearish context, touching the official target of 1784, recording its lowest price of 1782. Technically, the possibility of continuing the decline after gold confirmed breaking the 1799 support level, 50.0% correction, turning into a resistance level, in …

The euro managed to touch the first bearish target published in the previous analysis at 1.1800 to record its lowest level at 1.1802. Today, the technicals indicate the possibility of resuming the decline due to the continuation of the negative pressure coming from the 50-day moving average and the stability …

Mixed trading continues to dominate the movements of the German DAX index, confined between 15,790 and 15,910. On the technical side today, and with a careful look at the 60-minute chart, we find positive attempts by the RSI to gain bullish momentum. On the other hand, the 50-day moving average …

Oil, Crude, trading

The British pound continues to trade positively against the Japanese yen, benefiting from stability above the support level of 151.70/151.60. On the technical side, today we tend to the positivity, but cautiously, relying on the clear positive signs on the RSI, which coincides with the clear positivity features on the …