Japanese stocks closed higher on Thursday, March 25th, as investors bought shares linked to the economic cycle that had fallen in the past, but the gains were curbed by technology stocks that traced the Nasdaq downward trail. The Nikkei index closed up 1.14% to 28,729.88 points, ending a four-day losing …
Read More »Bitcoin Tends to be Negative
Negative trading continues to dominate Bitcoin’s movements after it found a strong resistance level of around 53,000. Technically, we tend to the negativity dependent on the negative pressure of the simple moving averages, in addition to losing the RSI bullish momentum. We are targeting 52,120 next stations. From the top, …
Read More »Dax Continues to Hold Back
The German DAX index succeeded in achieving the negative outlook, as we expected, touching our target 14,530, recording its lowest price, 14,530. On the technical side today, we are continuing to suggest the bearish trend, relying on trading stability below the previously broken support 14,610/14,630, accompanied by negative pressure for …
Read More »Dow Jones Faces Negative Pressure
The movements of the Dow Jones Industrial Average witnessed a slight upward trend during the previous trading session, recording a high of 32,666. On the technical side, and with a closer look at the 60-minute chart, we find the index returned to settle below 32,500 and generally below 32,625, and …
Read More »GBP/JPY: Retest Resistance
The pound’s current moves against the Japanese yen are witnessing a slight upward slope after setting a good support floor near 148.60. On the technical side, despite the bullish bias, we tend to be negative depending on the continuation of the negative pressure coming from the 50-day moving average, in …
Read More »Canadian Dollar Maintain Bullish Bias
The technical outlook is unchanged, and the Canadian dollar has not changed significantly, maintaining the bullish corrective bias. From the technical analysis, we are continuing to suggest the bullish trend, relying on the stability of trading above 1.2540 the previously breached resistance in addition to the positive motive for the …
Read More »GBP/USD: Faces Negativity
Oil, Crude, trading
Read More »Oil Trying to Recover And The Positivity Needs Confirmation
Oil, Crude, trading
Read More »Gold Waiting Pending Orders
Narrow-range sideways trading dominated gold’s movements for the second session in a row, pinging from the bottom above the support level at 1722 and from below the resistance level at 1747. Technically, we will maintain the same technical conditions, waiting for a signal to stimulate the price. With a closer …
Read More »Euro Extends Losses
The single European currency continued to decline against the US dollar within the expected bearish path mentioned in the previous analysis, touching our required target located at 1.1800, to record its lowest level at 1.1806. On the technical side, today, and with a closer look at the 4-hour chart, the …
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