Gold prices succeeded in retesting the main demand area published in the last report, at 1797, which forced the price to rebound bullishly, approaching the required price station at 1820, posting its highest at 1810. The 14-day momentum indicator provides positive signals on the technical side, and the price stability …
Read More »The Canadian Dollar: Same Technicals 3/2/2022
Narrow sideways trading dominates the movements of the Canadian dollar for the third consecutive session, between 1.2660 and 1.2700 without any change in the technical outlook. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get more bullish momentum, in addition …
Read More »Gold Succeeds in Re-testing Support 3/2/2022
Gold prices successfully retest the support level published in the previous report at 1797 to return to the bullish bounce, approaching a few points from the price station required in the last analysis at 1813, to record the highest of 1811. Technically and carefully looking at the 4-hour chart, we …
Read More »German Dax: Gets Positive Signals 2/2/2022
The German DAX index witnessed a positive session, recording its highest level during the early trading of the current session around 15,680. On the technical side, the index found an excellent support floor around 15,550, and the RSI continues to defend the positive moves and gets more bullish momentum, stable …
Read More »The Canadian Dollar: Trying to Hold on to The Support 2/2/2022
The technical outlook is unchanged, and the movements of the Canadian dollar did not change for the second consecutive session, trying to maintain its trades above the support level of 1.2660. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get …
Read More »Gold Retests Support 2/2/2022
Gold prices found a strong resistance level around 1807, which limited the upside. As indicated during the last analysis, breaching the mentioned level is fundamental to resume the rise. Finding the resistance forced the price to trade negatively again and pushed it to retest the strong support floor 1797. Technically, …
Read More »The Canadian Dollar: Struggles to Rise 1/2/2022
The technical outlook is unchanged, and the pair’s movements did not change significantly, trying to maintain the bullish bias, benefiting from stability above the 1.2665 support level. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get more bullish momentum, in …
Read More »Gold is Trying to Break Through The Resistance 1/2/2022
Positive movements dominated gold prices with the beginning of the first trading of this week after it successfully retested the 1780 support level, which forced the price to rebound to the upside, attacking the resistance level of the psychological barrier 1800 during the early trading of the current session. On …
Read More »The Canadian Dollar: Retest Support 31/1/2022
Positive trading dominated the movements of the Canadian dollar within the expected bullish path mentioned in the previous analysis, exceeding the target that is required to be achieved at 1.2765, recording the highest level at 1.2796. Technically, and by looking at the 4-hour chart, we notice positive attempts that started …
Read More »Gold May Continue The Downtrend 31/1/2022
Gold prices touched the required official station during the previous trading session at 1785, recording its lowest level at 1780, to witness the stability of the current movement below the broken support level 1797. Technically, and carefully by looking at the 240-minute chart, we notice the clear negative signs on …
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