Tag Archives: analysis

Sideways trading dominated the euro’s movements, confined between the support level of 1.1240 and the resistance level of 1.1330. Technically, looking at the 4-hour chart, the simple moving averages are trying to form a support base around 1.1250/1.1240 in conjunction with the RSI getting bullish momentum signals on the short …

The German DAX index witnessed a negative trading session, witnessing significant losses, after it managed to break the support floor published last Friday at 15,860, to record its lowest level at the end of last week’s trading at 15,020. Today, we tend to the negativity, given the negative pressure coming …

Oil, Crude, trading

USD/JPY movements witnessed a negative trading session within the expected proactive path, touching the first target of 152.00, approaching by a few points near the second target of 151.50, recording the lowest price at 151.70. Technically, and with careful consideration on the 4-hour chart, we notice that the simple moving …

The Canadian dollar continues to achieve gains within the expected bullish path, after it managed to establish a solid support floor around 1.2590, touching our target at the end of last week’s trading at 1.2770, recording a high around the resistance of the psychological barrier 1.2800. Technically, the bullish scenario …

Oil, Crude, trading

Oil, Crude, trading

At the end of last week, mixed trading dominated gold prices within an unclear short trend after it managed to break 1797. We explained that trading above the 1804 resistance level might push the price towards 1825, recording a top at 1815 then quickly declining to settle at 1797. Technically, …

The single European currency managed to post good gains last week, building on a support level of 1.1200, which forced it to rebound within a limited upward slope to retest the 1.1330 resistance level. Technically, and by looking at the 4-hour chart, the stochastic is now moving around the overbought …

Financial markets were calm last week due to the Thanksgiving holiday in the United States, and investors were cautious due to the emergence of the new Coronavirus mutant in South Africa and the Uk. Gold During the past week, the safe haven fell due to the growing strength of the …