Tag Archives: analysis

The pivotal resistance at 1799 managed to put selling pressure on gold prices, heading towards touching the first awaited target at 1781, recording its lowest level at 1779. Technically, we notice the continuation of the clear negative pressures on the simple moving averages, and we find the 50-day moving average …

The Euro retested the previously broken support level around the psychological barrier of 1.1600 and could not close above the mentioned level, maintaining the gradual bearish context. Technically, and by looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the 50-day SMA, accompanied by …

The German DAX index witnessed positive trading within the expected bullish path, touching the first target at 15,780 and approaching the second target of 15,860, recording the highest of 15,840. Technically, we find the 50-day moving average that supports the rise, in addition to the positive signals coming from the …

Oil, Crude, trading

Negative trading dominated the pound’s movements against the Japanese yen within the expected bearish path, touching the target to be achieved around 155.00, recording its lowest level at 155.13. On the technical side today, we tend to be negative in our trading, relying on the stability below the previously broken …

The Canadian dollar maintained its limited gains that were achieved at the end of last week’s trading, after it succeeded in establishing a good support floor around the 1.2300 level, and is still hovering around its highest level during today’s early trading session 1.2390. Technically, we notice the return of …

Oil, Crude, trading

Oil, Crude, trading

Positive attempts for the yellow metal in the previous session, retesting the main resistance level at 1799, recording its highest level at 1795. Technically, and carefully looking at the 4-hour chart, we notice the 50-day moving average is still an obstacle for gold to achieve further rise. We also find …

Positive trading dominated the euro’s movements against the US dollar yesterday, after the European Central Bank President’s statements, reaching its highest level at 1.1692. On the technical side today, the stability of the intraday trading is above the previously breached resistance 1.1640, represented by the 23.60% Fibonacci correction that supports …