Bitcoin prices did a bullish rebound after several consecutive sessions of decline, reaching its lowest level during the previous trading session at 47,490. On the technical side, Bitcoin found a solid support floor around the aforementioned level, while the stochastic indicator started to show positive signs. We may witness a …
Read More »German DAX Rebounds
The German DAX index managed to achieve the positive outlook, as we expected during the last trading sessions last week, touching our awaited target of 15,530, recording its highest levels at 15,325. The technical side today indicates the possibility of continuing the rally, as long as the index found a …
Read More »Dow Jones Reiterates Nullish Chances
The Dow Jones Industrial Average jumped, ending last week’s trading with a noticeable increase, posting its highest price during last Friday’s trading 34,053. On the technical side today, we are biased towards the positivity, relying on the price building a base above 33,680, accompanied by positive signs that began to …
Read More »GBP/JPY: Support Limits Bearish Bias
The support levels mentioned in the previous analysis, represented by our first target at 149.00, were able to limit the bearish bias, which forced the pair to rebound again. On the technical side today, we tend to be positive, but cautiously depending on the stability of intraday trading above 149.40 …
Read More »Canadian Dollar: Breaks Support And Negativity is The Preferred Scenario
The Canadian dollar’s attempts -over several sessions in a row- failed to breach the pivotal resistance of 1.2550/1.2560 and settled below the aforementioned level. Technically, and by looking at the 4-hour chart, we find the simple moving averages continue to pressure the price from below, and we find the RSI …
Read More »Pound Waiting For Pending Orders
Oil, Crude, trading
Read More »Crude Oil: Awaits Confirmation of Resistance Breakout
Oil, Crude, trading
Read More »Gold Being Sold And Confirmation of Break Extends Losses
We committed to the intraday neutrality in the previous analysis due to the conflict of technical signals, mentioning that the selling positions requires stability below 1795, also need to witness a break of 1777, in order to reach 1765, so that gold is subjected to slight selling operations and is …
Read More »Euro Consolidates Gains Against The US Dollar
Positive trades returned to control the euro’s movements against the US dollar, benefiting from the confirmation of the breach of the 1.2060 resistance level, making it clear in the previous analysis that once trading above the aforementioned level, the pair will able to enhance the chances of upside to visit …
Read More »Currencies Overview: Bitcoin Falling And Dollar Stumbling as Dealers Reassess Timing of Reducing Bond Purchases
The dollar was confined to a tight trading range near a multi-week low against the major counterpart currencies Friday, April 23rd, as traders contemplate the next steps of major central banks ahead of a meeting of the US Federal Reserve next week. And the euro incurred losses after Christine Lagarde, …
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