Tag Archives: technical

The Canadian dollar found solid support around the 1.2630 level, which forced it to trade positively again within a bullish bounce that aimed to retest 1.2720. Technically, today, the current moves see the price stability above the 1.2660 support level at the 61.80% Fibonacci level. We also notice the positive …

. The yellow metal prices touched the target at 1726, recording its lowest level around 1722 within a strong bearish trend. On the technical side today, and by looking at the 240-minute chart, we notice that some bullish bias yesterday’s session, taking advantage of the pivot on the support level …

Mixed trading dominates the movements of the German DAX index, trying to repeat the chances of the bullish attack to the upside, recording its highest price of 15,698. On the technical side today, and by looking at the 60-minute chart, we notice the RSI’s attempts to gain bullish momentum, in …

The Canadian dollar returned to the strong resistance located at 1.2670, which forced it to trade negatively again, heading to touch the first target of 1.2600, to record its lowest level at 1.2600 during the early trading of the current session. Technically, with the clear negativity on the stochastic indicator, …

The yellow metal prices succeeded in touching the first target at 1741, recording its lowest price of 1742. Technically, and with careful consideration on the 4-hour chart, we notice a conflict in the technical signals between the attempts to obtain the RSI to gain bullish momentum on the short time …

The technical outlook is unchanged, and the Canadian dollar did not witness any change, maintaining the temporary negative stability below the 1.2720 resistance level. Technically, by looking at the 240-minute chart, we notice the price stability below 1.2720, the previously broken support and transformed into a resistance level represented by …

Negative trading dominated the movements of gold at the end of the last trading week after it retested the 1776 resistance level, which forced it to retreat to record significant losses around 1740. Technically, and by looking at the 240-minute chart, we notice the stability of the intraday trading below …

The German DAX index found a strong resistance level represented by our target yesterday at the price of 15,660, which forced it to trade negatively once it hit it, to witness the current moves with a bearish bias around the lowest level during the session 15,608. On the technical side, …

The Canadian dollar declined noticeably yesterday, nullifying the positive outlook as we expected, in which we relied on the price stability above the 1.2700 level, touching the stop losses order published during the last report at 1.2720; we indicated that if 1.2720 is broken, this can thwart the bullish scenario …

Gold prices declined significantly during the previous trading session within the expected bearish context, to retest the broken neckline around 1776 and return to decline strongly, touching the official target of the current downside wave, as we indicated during the last report around 1735, recording its lowest level at 1736. …