Gold prices experienced a strong decline during the previous trading session, exceeding the official station that is required to be touched, located at the price of 1722, to record its lowest level of 1677. Technically, gold prices tried to compensate for the losses within a temporary bullish path, and with …
Read More »Canadian Dollar Consolidate Above Support
The Canadian dollar continues to attempt to rise after it succeeded in maintaining the trading level above 1.2500 for several consecutive hours. Technically, we tend to the positivity, but with caution, relying on stability above the 1.2500 psychological barrier support floor, accompanied by the RSI’s attempts to obtain bullish momentum. …
Read More »Gold Confirms The Break And Negativity Remains
The prices of the yellow metal incurred heavy losses during the trading session last Friday, under pressure from the rise of the US currency, to end its trading around 1762. Technically, and by looking at the 4-hour chart, we find the continuation of the negative pressure is still valid, as …
Read More »The Canadian Dollar Touches Extended Positive Goals
The Canadian dollar was able to complete the bullish correction referred to during the previous analysis, touching the official target station required to be achieved at 1.2600, recording its highest level at 1.2613. Technically, by looking at the 240-minute chart, we find the simple moving averages continuing to hold the …
Read More »Gold Maintains The Gradual Rise
Gold prices continue to maintain their gains after it succeeded in building on the psychological barrier of 1800, touching the first target mentioned in the previous analysis at 1835, recording the highest of 1835. On the technical side today, with the price continuing to obtain a positive stimulus from the …
Read More »DAX is Negative And Waiting For Pending Orders
The movements of the German DAX index witnessed a bearish tendency, recording its lowest level during the previous trading session 15698. On the technical side today, there is a conflict between the negativity of the simple moving averages, the positive RSI attempts, and the stability of the intraday trading above …
Read More »The Canadian Keeps Gains
The Canadian dollar maintained its gains within the bullish corrective slope, as we expected, touching the first target mentioned in the previous analysis, which is located at 1.2550, recording the highest level at 1.2550. From the technical analysis point of view today, we tend to the positivity, relying on the …
Read More »Gold Built on Support And Chances of Rising Remains
As we expected, the yellow metal prices jumped during the previous trading session, touching the second official target station at 1830, recording the highest of 1830. On the technical side, Looking at the 240-minute chart, we find the positive motive coming from the simple moving averages, which increases the possibility …
Read More »German Dax Pressing Support
The German DAX failed to confirm breaching the pivotal resistance level published during the previous analysis, located at 15,790, which we explained as an essential and fundamental condition for continuing the rise to force the index to trade negatively again. Technically, and with a closer look at the 60-minute chart, …
Read More »Canadian Dollar Continues to Achieve Extended Goals Ahead of BoC
Positive trading dominated the movements of the Canadian dollar as we expected, in which we depended on successfully retesting the 1.2410 support level, approaching a few points from the first target of 1.2550, recording a high of 1.2540. Technically, the bullish trend is still the most likely, relying on the …
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