Tag Archives: technical

Gold prices temporarily reversed the expected bearish trend during the previous analysis, and we relied in our negative trades on the stability of trading below the pivotal resistance level 1726, explaining that we should pay close attention if the price succeeds in breaching 1726. High at 1735 to compensate for …

The Canadian dollar was able to achieve the expected bearish minor correction during the last trading sessions of the week ending last Friday, touching the required target at 1.2980 and recording its lowest level at 1.2980. Technically, and carefully considering the chart, the pair confirmed the breach of 1.3060, and …

US crude oil futures prices were able to compensate for part of their losses, to achieve remarkable increases at the end of last week’s trading, within the expected bullish path, surpassing the official target that is required to be achieved at the price of 85.80, recording the highest level of …

Positive trades dominated gold’s movements within the expected bullish context, touching our awaited target at 1730, and recording its highest level at 1729. Technically, gold prices found a strong resistance level around 1726 represented by the 23.60% Fibonacci correction as shown on the 4-hour chart. It started by pressing the …

The British pound managed to rise published during the previous analysis, surpassing the official target required to be touched yesterday at the price of 1.1560. It is now hovering around its highest level during today’s morning trading session at 1.1595. Technically, we tend in our trading to the positive, depending …

Negative trading dominated the US crude oil futures prices within the expected bullish track, to settle for recording its lowest level near the 81.00 barrier. Technically, the current oil movements are witnessing a bullish tendency, benefiting from stability above the mentioned support level and the attempt for intraday stability above …

A gradual rise in gold prices within the positive outlook, as we expected during the previous analysis, heading to touch the official price station at 1726, recording its highest level at 1728. On the technical side today, and by looking at the 4-hour chart, we find gold succeeded in establishing …

Mixed trading dominated the movements of the Canadian dollar, affected by the decision of the Bank of Canada regarding interest rates. The pair failed to breach the 1.3200 resistance, which forced it to form a bearish slope to retest the 1.3120 support level. Technically, and by looking at the 4-hour …

As we expected, American crude oil prices incurred heavy losses during the previous trading session, heading to touch the awaited descending official target at 83.00, to record its lowest level at 81.51. Technically, with the negative pressure of the simple moving averages that support the bearish price curve and confirming …

Gold prices found a solid support floor that succeeded in establishing it near 1796, to witness a trading session that tilted to the positive after gold succeeded in confirming the breach of the 1705 resistance level, explaining that consolidation above the mentioned level leads the price to visit our first …