The pivotal resistance at 1768 managed to limit the bullish bias, and the gold price failed to breach it over several consecutive sessions. Today’s technical aspect indicates fluctuation within a sideways range between the 1768 resistance level, the 61.80% Fibonacci correction, and the 1747 support level. By looking at the …
Read More »The Canadian Dollar Settles Below Support
The Canadian dollar made positive attempts during the previous trading session, approaching the retest target at 1.2660, to post a high of 1.2648. Technically, the pair’s trading returned to stability below the psychological support level of 1.2600, with the continuation of the negative pressure coming from the 50-day moving average. …
Read More »Gold In a Side Range
Gold prices managed to touch the first target at 1746, to return to the bullish rebound, benefiting from the support level, close to retesting 1768, recording the highest of 1765. Today’s technical aspect indicates fluctuation within a sideways range between resistance level 1768, the 61.80% Fibonacci correction, and support level …
Read More »German Dax Starts With a Positive Moment
The German DAX index touched the awaited target during the last trading session at 14,980, to record its lowest price of 14,988. On the technical side today, by looking at the 60-minute chart, we notice the 50-day moving average trying to push the price to the upside, in addition to …
Read More »The Canadian May Witness a Temporary Rise
The Canadian dollar provided negative trading yesterday after it failed during the previous session to maintain trading above the strong support at 1.2600, to record the pair’s lowest level at 1.2545. Technically, we notice the return of the intraday stability above the psychological support 1.2. Furthermore, by looking at the …
Read More »Gold Finds a Strong Resistance
For the third consecutive session, the movements of the yellow metal are witnessing attempts to rise with the aim of retesting the pivotal resistance level at 1770, unable to breach it so far, which forced it to trade negatively during the early trading of the current session, stable around the …
Read More »German Dax Crawling Downwards
Negative trading continues to dominate the movements of the German DAX index within the expected bearish context during the previous analysis, heading to approach a few points from the first target, 14,980, recording its lowest level at 14,990. On the technical side, we are inclined to the negativity, relying on …
Read More »The Canadian May See a Temporary Bullish Slope
Negative trading dominated the Canadian dollar’s movements during the previous trading session after it succeeded in stabilizing temporarily below the 1.2600 support level. From the technical analysis, the current moves are witnessing attempts to rise. However, the price is back to stability above the 1.2600 support level, accompanied by attempts …
Read More »Gold Hit The Resistance
Gold recorded rebound attacks to the upside during the previous trading session to retest the 1770 resistance level after recording its lowest level at 1747. Today’s technical vision indicates the possibility of resuming the bearish bias based on the negative pressure of the 50-day moving average, in addition to the …
Read More »German Dax Continues to Decline
Negative trading dominates the German DAX index movements, settling around the lowest level during today’s trading session at 15,080. Technically, and with the stability of trading below support-into-resistance 15280 level, accompanied by the negative pressure of the simple moving averages. This increases the possibility that we will witness a downward …
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