Technical Analysis

The movements of the euro against the US dollar witnessed a slight bullish tendency, trying to stabilize above the support level of 1.1780, and the pair is now hovering around its highest level during the morning trading of the current session 1.1837. On the technical side today, despite the bullish …

Mixed trading dominated the Nasdaq Composite Index during the US session of the previous session, recording its highest level at 14,882, while the lowest around 14,725. On the technical side today, we tend in our trading to the positive, but with caution, relying on the stability of the daily trading …

The current movements of the German DAX index are witnessing positive trading and the index is hovering around its highest level of 15,700. On the technical side, and with the index’s success in building support floor at 15,630 and in general above 15,570, which is accompanied by the continuation of …

Oil, Crude, trading

Negative trading returned to control the movements of the pound sterling against the Japanese yen after it succeeded in confirming the breach of the support level of 152.85, touching a low of 152.00. On the technical side, we are inclined to the negativity, relying on the confirmation of the aforementioned …

The Canadian dollar achieved noticeable gains during the previous session’s trading, heading towards the awaited bullish correction tendency at 1.2410, to extend its gains, touching a high at 1.2530. Technically, and with the pair’s success in confirming the breach of 1.2410, the 61.80% Fibonacci retracement, which has now turned into …

Oil, Crude, trading

Oil, Crude, trading

The prices of the yellow metal declined noticeably at the beginning of this week after it failed to breach the resistance level of 1815, which is our target to be achieved during the previous report. On the technical side today, and looking at the 4-hour chart, we tend to trade …

The bearish trend continues to dominate the euro’s movements against the US dollar within the expected negative outlook in the last report, touching the official target at 1.1780. Technically, and with careful consideration on the 4-hour chart, we find the 50-day simple moving average that continues to pressure the price …