Technical Analysis

Oil, Crude, trading

Gold prices failed to breach the resistance level of 1872, which we mentioned during the last analysis that it represents one of the directional keys to witness the current movements of gold, a slight downward slope that is stable below 1872. On the technical side today, negative signs started appearing …

We committed to the intraday neutrality during the previous analysis due to the contradictory technical signals, to find the Euro is still trying positively within a weak bullish slope attacking the resistance level at 1.2175. Technically, and by looking at the 4-hour interval chart, we find the simple moving averages …

Negative trading dominated the movements of Bitcoin as we expected touching our second awaited target located at 34,870, recording its lowest level at 33,967. Intraday trading continues below the resistance level 34,590 and in general below 34,780, in addition to the negative pressure from the 50-day moving average. It increases …

The technical outlook remains unchanged, and the movements of the German DAX index did not change significantly, preserving the positive stability. Technically, with trading above the support level of 13,850, accompanied by the index getting a positive motive from the 50-day simple moving average. Consequently, the bullish scenario remains valid …

The Dow Jones Industrial Average jumped on Wall Street to achieve strong gains again, touching the first official target to be achieved at 31,070, recording its highest price of 31,163 during early trading for the current session. On the technical side today, by looking at the chart, we see the …

The current moves of the pound sterling against its Japanese counterpart are witnessing a slight bearish tendency, as a result of a collision with the resistance level 142.30 represented by the second target of the previous analysis. On the technical side, we are biased to the negativity relying on the …

The Canadian dollar declined significantly within the bearish trend, as we expected, pointing out during the previous analysis that a break of 1.2680 will extend the pair’s losses, targeting 1.2620, a next official station, for the pair to record its lowest price at 1.2605. Technically, the negative aspects are still …

Oil, Crude, trading

Oil, Crude, trading