Tag Archives: technical

Narrow sideways trades confined from below above the main support floor 1945, and from above below the pivotal resistance level at 1977, so that the technical outlook remains unchanged. From the angle of technical analysis today, the contradiction between the technical signals continues, and we found the 50-day simple moving …

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining negative stability after failing to achieve a daily closing above the resistance of the psychological barrier of 1.3500. From a technical point of view, today, we notice the continuation of the clear negative crossover signs on …

US crude oil futures prices achieved noticeable gains within the bullish track, as we expected, in which we relied on breaching 71.55, surpassing the required target of 73.10, and recording a high of 74.92. Technically, oil prices opened their first weekly trading on an ascending price gap to record the …

Gold prices fell at the end of last week’s trading to give up their intraday gains as a result of the rise in the US dollar after the US jobs data, which came in better than expected, witnessed the lowest level at $1944 per ounce, after recording the highest at …

Negative trades dominated the Canadian dollar within the expected bearish path after it failed to maintain its positive stability above 1.3550, surpassing the bearish targets that should have been touched at 1.3500, recording its lowest level at 1.3427. From a technical point of view, today, with the pair’s success in …

After several successive sessions of sharp decline, an upward trend returned to control the movements of US crude oil futures yesterday to establish a good support base of around 68.40. Technically, we tend to rise during the day, relying on trading remaining above the support above 68.40, accompanied by the …

We adhered to intraday neutrality over the past two sessions due to the conflicting technical signals, explaining that we are waiting for the pending orders to be activated by breaking 1945 or breaching 1977, so that gold movements witnessed an upward trend during yesterday’s session to start activating the awaiting …

The Canadian dollar provided positive trades until the middle of the American session, approaching by a few pips from the first target to be touched at 1.3660, recording its highest level at 1.3651. Technically, we find that the pair’s movements returned to decline quickly as a result of approaching the …

US crude oil prices continued to bleed losses amid intense selling within the strong bearish trend, as we expected, touching the awaited second station at 67.75, recording its lowest level at $67.10 per barrel. Technically, we find the 50-day simple moving average supporting chances of continuing the decline, the stability …

We adhered to intraday neutrality during the previous technical report due to the conflicting technical signals, explaining that we are waiting for the pending orders to be activated with the breach of 1945 or the breach of 1977, so that gold’s movements witness a sideways context that is inclined to …