Tag Archives: technical

The Canadian dollar found a strong resistance level around 1.2720, which forced it to trade negatively again, settled below the 1.2660 level. Technically, the negative pressure from the 50-day moving average supports the possibility of a bearish bias, in addition to stabilizing intraday trading below the 1.2665 resistance level represented …

Gold prices traded positively during the last session, canceling the negative outlook as we expected. We depended on trading stability below the 1799 resistance level to record the highest at 1801. Technically, and by looking at the 240-minutes chart, we find the simple moving averages continue to pressure the price …

We stayed on the fence during the previous report due to the conflicting technical signals, explaining that activating the short positions requires a clear and robust break of the 15,790 support level, which puts the price under negative pressure with the first target at 15,745, to record 15,584. Technically, with …

The Canadian dollar jumped, achieving the bullish scenario as we expected. We relied on trading stability above the solid support floor 1.2600, heading towards touching 1.2720, recording the highest price at 1.2762. Technically, by looking at the 4-hour chart, we find the simple moving averages continue to hold the price …

Negative trading dominated gold prices during the previous trading session, within the expected bearish context, touching the official target of 1784, recording its lowest price of 1782. Technically, the possibility of continuing the decline after gold confirmed breaking the 1799 support level, 50.0% correction, turning into a resistance level, in …

Mixed trading continues to dominate the movements of the German DAX index, confined between 15,790 and 15,910. On the technical side today, and with a careful look at the 60-minute chart, we find positive attempts by the RSI to gain bullish momentum. On the other hand, the 50-day moving average …

Positive moves regained control of the Canadian dollar after building a solid support floor located at 1.2550 to succeed in retesting the resistance level of 1.2660. Technically, the pair continues to obtain positive stimulus from the simple moving averages that support the bullish price curve, in addition to the RSI …

Gold prices declined noticeably during the last session after hitting the top level that was recently recorded around 1830 to retest the support floor 1799, which represents the key to protecting the bullish trend. On the technical side, today, and by looking at the 240-minute chart, we find that the …

Due to the conflicting technical signals, we remained neutral during the previous session to witness the current movements of the German DAX index with an upward bias. On the technical side, trading today settled above the support level 15,760/15,750, accompanied by the index getting an incentive from the 50-day moving …

The Canadian dollar failed to maintain trading above the strong support level published in the previous report at 1.2580; we made it clear that breaking the mentioned level extends the pair’s losses and puts the price under negative pressure to touch the first descending target of 1.2550, recording the lowest …