Gold prices witnessed positive, but still limited movements aimed at retesting the pivotal resistance level published during the reports of this month at 1768, and it is still stable below it so far. Today’s technical vision indicates the possibility of resuming the decline, relying on price stability below 1768 represented …
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The German DAX index continues to incur losses after hitting a strong resistance level at 15,223, which forced it to move negatively and stable around the lowest level of 15,115. On the technical side, we tend to the negativity, relying on the stability of trading below the mentioned resistance level …
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The Canadian dollar found an excellent support floor around the support level posted during the previous analysis at 1.2445, forcing it to retest the previously broken support level and now turn into the 1.2500 resistance level. Technically, and by carefully looking at the chart, we notice that the stochastic indicator …
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The technical outlook is unchanged, and the movements of gold did not change much, maintaining the movements within a sideways range that tends to be negative. On the technical side, we find gold prices are still stable below the pivotal resistance level published during the previous analysis, located at 1768, …
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The Canadian dollar declined noticeably within the expected negative outlook last Friday, surpassing the official target station at 1.2500 to record the lowest level of 1.2450. Technically, the intraday trading stability is below the previously broken support level, which is now turned to the 1.2500 resistance level, accompanied by the …
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Gold’s movements witnessed positive trading at the conclusion of the last week’s trading after it received a strong push to the upside as a result of the US dollar’s decline. We indicated during that trading above 1770 is able to thwart the bearish bias and lead gold to achieve gains …
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The movements of the German DAX index witnessed a bearish tendency as a result of hitting the resistance level 15,240, which forced the index to trade negatively again, stable around its lowest level during the session at 15,200. Technically, and with careful consideration on the short time frames, we notice …
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The Canadian dollar succeeded in touching the awaited official station during the previous analysis within the expected bearish path. Therefore, we relied on the price stability below 1.2600, heading to visit the official target of 1.2530, recording the lowest price at 1.2532. From the technical analysis point of view today, …
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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 …
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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. …
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