Tag Archives: analysis

Oil, Crude, trading

The pivotal support levels at 1.2460 managed to limit the bearish bias, which forced the pair to rebound bullishly again, heading to touch the required retest target at 1.2660, bypassing the target to record the highest 1.2590. Technically and carefully considering the 4-hour chart, the positive signs on the stochastic …

Oil, Crude, trading

Limited positive attempts were witnessed by gold’s movements yesterday, unable to breach the pivotal resistance level at 1959, which forced the price to touch the 1936 level. Technically, gold prices got additional support due to the intraday stability above the 1940 support floor. However, with a careful look 240-min chart, …

The single European currency managed to target retesting at 1.0920, recording a high of 1.0936, to return to trading with noticeable negativity due to hitting the resistance level. On the technical side, the euro’s moves returned to stability below the resistance level of 1.0880, most importantly below the psychological resistance …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar declined noticeably, canceling the expected positive outlook in the previous analysis, in which we relied on the stability of trading above the 1.2570 level. Accordingly, we indicated that any trading below 1.2570 will postpone the attempts to rise and put the pair under negative pressure to target …

Oil, Crude, trading

Gold prices repeated their attempts to rise again, benefiting from stability above the 1940 support level, rebounding to the upside to retest the previously broken support level that turned into the 1959 resistance level. On the technical side, the 50-day simple moving average is still trying to pressure the price …