Technical Analysis

The Canadian dollar continues its bearish path, as we expected, heading to visit our desired target at 1.2100, to hit its lowest level during the previous trading session at 1.2116. Technically speaking, the pair broke the level of 1.2170, which has now been converted into a resistance level that supports …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to achieve strong gains during last Friday’s trading, surpassing the official target required to be achieved during the previous analysis at the price of 1836, recording its highest at the price of 1843. On the technical side today, and by looking at the chart at the 240 …

Positive trading dominated the euro’s movements against the US dollar at the end of last week’s trading, after it succeeded in surpassing the upside and breaching the pivotal resistance at 1.2065, explaining that confirming the breach of the aforementioned level paves the way for the euro to visit 1.2170, recording …

The German DAX index managed to achieve noticeable gains during the previous session’s trading in a bullish context, as we expected, touching the first target published in the previous analysis at 15,260, recording the highest of 15,280. Technically, we tend to be positive, depending on the stability of trading above …

The Dow Jones Industrial Average was able to achieve the official target required to be touched during the previous analysis, located at 34,330, to record its highest level at 34,453. On the technical side, today we find the 50-day moving average continues to provide a positive motive, accompanied by the …

Against the Japanese yen, the pound managed to achieve the first required target during the previous report, located at 151.20, recording its lowest level at 151.20. On the technical side, trading remains stable below the psychological barrier 151.90 resistance, and we find negative signs still dominating the stochastic indicator. Therefore, …

The Canadian dollar failed to maintain the level that was recorded at the price of 1.2260, and as we mentioned in the previous analysis that any attempts to break the aforementioned bottom lead the pair to resume the official bearish path with an initial goal of 1.2200 so that the …

Oil, Crude, trading