Technical Analysis

The Canadian dollar is struggling to maintain trading above the 1.2590 support level, which forced it during the last trading session to retest the 1.2635 resistance. Technically, and by looking at the 4-hour chart, we find the 50-day moving average starting to pressure the price from above, accompanied by the …

Oil, Crude, trading

Oil, Crude, trading

The precious metal witnessed negative trading in the previous trading session, after two consecutive sessions of rising to retest 1807. Technically, and by looking at the 240-minute chart, we find the stochastic is trying to provide positive signals and is supported by the positive motive coming from the 50-day moving …

The euro is quietly trading on the positive side against the US dollar within the expected bullish path mentioned in the previous analysis, touching the first target required to be achieved 1.1820. On the technical side today, we tend to the positive, relying on the pair’s continuing positive stimulus from …

The German DAX index made positive attempts, benefiting from stability above the intraday support floor of 15,800. Technically, we tend to the positivity, relying on the stability of trading above the mentioned support, accompanied by the positive motive of the 50-day moving average. Therefore, the bullish bias is likely today, …

Oil, Crude, trading

Sideways trading tends to be positive, confined from the downside, above the support level of 150.50 and below the resistance level of 151.50. On the technical side, today we tend to the negativity, but with caution, relying on the stability of trading below 151.50, accompanied by the negativity coming from …

The Canadian dollar found a strong resistance near 1.2720, which forced it to trade negatively again, approaching a retest of the pivotal support level 1.2580, to record its lowest level at 1.2600. Technically, and by looking at the 4-hour chart, we find the 50-day moving average starting to pressure the …

Oil, Crude, trading