Technical Analysis

Oil, Crude, trading

Gold prices witnessed negative trades during the last trading session to close below the critical resistance of 1799. On the technical side today, we notice here a contradiction in the technical signals between the negative pressure of the 50-day moving average, which presses the price and meets around 1799/1800, and …

Limited sideways trading dominates the euro’s movements for the second session in a row, and it hits the strong resistance level of 1.1850, unable to breach it so far, which forced it to the downside, to put negative pressure on the 1.1800 support level. With a closer look at the …

The current movements of the German DAX index are witnessing a bearish tendency after it failed to stabilize above the 15,750 resistance level. Technically, today we tend to the negativity, relying on the negative pressure coming from the simple moving average that continues to pressure the price and RSI below …

Oil, Crude, trading

The British pound managed to touch the first target required at 152.80, then declined quickly towards 151.00. Technically, with the negative pressure of the simple moving averages and the apparent negativity features on the stochastic indicator. Therefore, the bearish bias is preferred today, provided that we confirm the breach of …

The Canadian dollar built on the pivotal support floor published in the previous analysis, at 1.2600, succeeded in stopping the bearish bias and forced the pair to rebound to the upside again to retest the resistance level of 1.2720. Technically, we find the 50-day moving average that returned to hold …

Oil, Crude, trading

Oil, Crude, trading

Positive trades dominated the movements of gold during the previous trading session, nullifying the negative outlook as we expected, in which we relied on trading below the 1799 resistance level; we mentioned that any trading above 1799 would immediately stop the bearish tendency and lead gold to record positive targets …