Tag Archives: analysis

Oil, Crude, trading

Positive trading regained control over the pound’s movements against its Japanese counterpart, benefiting from positive stability above the 156.00/156.30 support level. Technically, we notice the positive crossover signals coming from the stochastic indicator, coinciding with the price’s movement above the 50-day moving average. Therefore, we tend to be positive, but …

Mixed trading dominates the movements of the Canadian dollar within a bearish path to witness the current intraday stability below the support level 1.2370/1.2365. Technically, trading is stable below 1.2370, the 23.60% Fibonacci correction that supports a bearish bias in the coming hours, in addition to the RSI losing the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices found a strong resistance level around 1810, which forced it to trade negatively during the early trading of the current session, and it is now hovering around its lowest level during the session at 1792. Technically, and with a closer look at the 240-minute chart, we find the …

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, the intraday trading stability is above the previously breached resistance 1.1640, represented by the 23.60% Fibonacci correction that supports the rise and …

Oil, Crude, trading

The German DAX index managed to achieve noticeable gains within the bullish context, as we expected, surpassing the second target that is required to be achieved 15730, recording the highest price of 15780. On the technical side today, and with careful consideration of the 60-minute time frame, we find the …

Oil, Crude, trading