Tag Archives: analysis

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated gold price movements during last Friday’s session, heading to touch the official target at 1838. Technically, gold found a good support floor around 1837, to witness a re-test of 1854. Looking at the 60-minute chart, we find that the 50-day moving average is trying to push the …

Narrow sideways trading is still dominating the euro’s movements against the US dollar, confined from the bottom above the support level of 1.2100 and from above below 1.2200. On the technical side today, we find the pair started its weekly trading on a slight upward slope, trying to benefit from …

Bitcoin retreated significantly, moving away from the record highs it had recently achieved, touching the second downside target mentioned in the previous analysis, located at 33,740, recording its lowest level at 30,645. On the technical side, today we are biased negatively citing the RSI losing its bullish momentum in addition …

The German DAX index succeeded in touching the first official target mentioned in the previous analysis, located at 14,000, to record its highest level at 14,010 during the morning period of the current session. On the technical side, the 50-day moving average is still holding the price from below, and …

Positive trading dominated the Dow Jones Industrial Average on Wall Street, to record its highest level during the previous session’s trading at 31,186. Technically, we are positive, and the RSI indicator is still trying to provide positive signals, supported by stochastic around overbought areas. Consequently, with trading above the support …

The current moves of the pound sterling against its Japanese counterpart are witnessing a slight bearish bias, as a result of meeting the resistance level 142.30, 2nd goal of previous analysis. On the technical side, we are biased to the negativity relying on the clear negative crossover signals on the …

The Canadian dollar starts its daily trading on a slight bullish bias after benefiting from the support level of 1.2570, to trade near its highest level during the morning session at a price of 1.2674. Technically, and with a closer look at the 60-minute chart, we find the 50-day moving …

Oil, Crude, trading