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 …
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Oil, Crude, trading
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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 …
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Oil, Crude, trading
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Mixed trading dominated the pound’s movements against the Japanese yen within a bullish context that is close to achieving our required target of around 157.90, recording the highest level at 157.80. On the technical side today, the price is witnessing stability below the 157.60 level, and we notice the negative …
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The Canadian dollar built on the support published in the previous analysis at 1.2350, retest the resistance level of the psychological barrier 1.2400, recording the highest level at 1.2399. Technically, and carefully looking at the 4-hour chart, we notice the return of the simple moving averages to hold the price …
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Oil, Crude, trading
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Oil, Crude, trading
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The yellow metal faced selling pressure during the previous trading session; we remained neutral due to the conflicting technical signals, explaining that breaking the 1797 support level pressures the price to target 1797 and 1774, recording a low at 1782. On the technical side, today, the current moves are witnessing …
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Quiet trading dominated the euro’s movements against the US dollar within the expected bearish context, and the technical outlook did not change much. Technically, and by looking at the 4-hour chart, we notice the trading stability below the 1.1640 resistance level represented by the 23.60% Fibonacci correction as shown on …
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