Tag Archives: analysis

Positive movements dominated the pound sterling against the Japanese yen, building on 160.00, the psychological barrier support, rebound upwards, and reach the highest level at 162.74. Technically, we tend to be positive but cautiously, relying on the positive motive of the 50-day simple moving average and the apparent positive momentum …

Mixed trading dominated the movements of the Canadian dollar after the consumer price index data, to trade negatively again to around 1.2930 resistance for the second consecutive session, unable to penetrate it. Technically, and by looking at the 4-hour chart, we notice the stability of trading again below the 1.2870 …

Oil, Crude, trading

American crude oil achieved the first official target within the expected bearish path at the price of 86.40, recording as low as $85.75 per barrel. Technically, the daily trend is still bearish, with the continuation of the negative pressure of the simple moving averages, in addition to the price stability …

Negativity dominated the gold price movements after it failed to maintain its positive stability above the strong gold level at 1779, recording its lowest level at 1771. Technically, by looking at the 4-hour chart, we find a conflict in the technical signals. We found the simple moving averages pressing the …

The euro against the US dollar continues to decline within the expected negative outlook during the previous analysis, approaching a few points from the official station that is required to be touched at 1.0100, recording its lowest level in the last trading session at 1.0120. Technically, the pair’s intraday movements …

Oil, Crude, trading

GBP/JPY incurred a big day yesterday, recording its lowest level during the first trading sessions of this week, around the 160.10 level. There are currently limited positive movements, trying to benefit from the support level of 160.00. We find the stochastic indicator trying to provide additional momentum on the short …

US crude oil futures price movements witnessed a noticeable decline by more than 4.0%, recording its lowest level during the previous session’s trading of 86.85. Technically, we find that the intraday movements of oil are trying to recover with the momentum indicator getting some positive signs. Still, the 50-day simple …

The Canadian dollar achieved noticeable gains at the beginning of this week’s trading, building on the strong support floor at 1.2760. The pair successfully confirmed the breach of the 1.2860 resistance level, recording yesterday’s highest at 1.2934. Technically, we find the 50-day simple moving average that continues carrying the price …