Technical Analysis

After several consecutive sessions of standing on the sidelines, the Canadian dollar’s ​​movements witnessed an upward corrective tendency during the previous trading session, explaining that re-activating the long positions requires stability of the price above 1.2070/1.2075 to target 1.2105 and then 1.2130 for the pair to succeed in reaching its …

Oil, Crude, trading

Oil, Crude, trading

Gold prices approached touching the first target required and mentioned in the previous analysis located at 1917, to settle for recording its highest level at 1912, finding it difficult to surpass the aforementioned level, which forced it to move within a bearish path. On the technical side today, and by …

The euro found a strong resistance level during the previous trading session at 1.2170, which managed to limit the bullish tendency to force the euro to retest the support level of 1.2170. Technically, and with a closer look at the 4-hour time frame, we find the 50-day moving average began …

Mixed trades dominated the movements of the German DAX index during the previous trading session, to witness the morning movements of the index with a downward slope. Technically, today we tend to see a bearish corrective bias on short time frames. RSI is stable below the mid-50 line, in addition …

Positive moves dominate the movements of the Dow Jones Industrial Average touching the first official target station during the previous report, located at a price of 34,480, to record the highest level at 34,481. On the technical side today, we tend to be positive, relying on the stability of trading …

GBP succeeded in achieving the positive outlook against JPY, as we expected, touching the first target required to be achieved at 154.35, to hit a high of 154.45. Technically, the bullish bias is still valid depending on the positive motive coming from the 50-day moving average, in addition to the …

The technical outlook remains unchanged for the third session in a row, as the pair’s movements have not changed significantly within narrow-range sideways trades that tend to be negative. Technically, trading remains below 1.2090 supports negativity accompanied by negative pressure coming from the simple moving averages, which coincides with the …

Oil, Crude, trading