Technical Analysis

Gold prices managed to touch the first target that is required to be achieved during the previous analysis, which is located at 1770, recording its lowest level at 1770. Today’s technical vision indicates the possibility of continuing the descending wave, relying on the price stability below the strong resistance 1785, …

The technical outlook is unchanged, and the euro’s movements against the US dollar did not change significantly, maintaining the negative stability within a gradual decline to the downside. On the technical side, today, we tend to the negativity, relying on the stability of trading below 1.1975 located at the 50.0% …

Positive trading continues to dominate the movements of the German DAX index within the expected bullish path, heading towards its first target 15,610, recording its highest level 15,618. Technically, we will maintain our positive outlook, relying on the stability of trading above the 15,540 support level, accompanied by the continuation …

Oil, Crude, trading

Negative trading dominated the movements of the pound sterling against its Japanese counterpart, nullifying the positive outlook as we expected and touching the stop losses order, published in the previous analysis at 153.60. On the technical side, we are inclined to the negativity, relying on the pair’s success in breaking …

The Canadian dollar maintains its bullish corrective bias attempts, built on a support floor near the 1.2240/1.2230 level. Technically, the Canadian starts attacking the previously broken support level, which is now turned to the 1.2330 resistance level, 50.0% Fibonacci correction. Coming from the 50-day moving average. Therefore, the pair’s success …

Oil, Crude, trading

Oil, Crude, trading

Gold prices ended their daily and weekly trading below the 1790 resistance level, which forced the price to trade negatively again within the bearish context. On the technical side, today, and carefully looking at the 240-minute chart, we find the simple moving averages continuing their negative pressure on the price …

The Euro hit the strong resistance level located at 1.1975, unable to breach it yet, which forced the pair to trade negatively and settle below it. On the technical side, we tend to the negativity, relying on the stability of trading below 1.1975 located at the 50.0% Fibonacci correction, as …