Trading tended to be negative but still limited after several consecutive sessions of the record highs. On the technical side, we tend to be negative, but cautiously, relying on trading stability below 51,400 accompanied by signs of losing the RSI’s bullish momentum. Confirmation of breaking 51,090/51,060 puts the price under …

The German DAX index succeeded in achieving the negative outlook, as we expected, touching the first target to be achieved during the previous analysis, located at 13,850, recording the lowest price of 31,843. On the technical side today, and with a closer look 60-minute chart, we find the 50-day moving …

The Dow Jones Industrial Average found a strong resistance level near 31,500, seeing the current moves of the index a slight bearish slope. On the technical side today, we tend to be negative, but cautiously depending on trading stability below the aforementioned level, in addition to the negative signs that …

We committed to the intraday neutrality during the previous analysis, indicating that we are waiting for confirmation of the pair’s breach of the resistance level of 147.30, in order to open the way directly to target 148.00, to settle for recording the highest of 147.80. On the technical side, the …

The technical outlook remains unchanged, and the pair’s movements have not changed significantly, maintaining the positive stability within the context of an upward correction. Technically speaking, we find the price is stable above the previously breached resistance level, which has now converted to the support level of 1.2660, and we …

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in touching the official target station of the current wave of decline at 1765, recording its lowest price during the early trading of the current session at 1760. Technically speaking, with gold continuing to get negative pressure from the simple moving averages, coinciding with the negative signs …

The Euro found a solid support floor near the last official target to be achieved, located at 1.2020, which push it to bounce back up to restore the resistance level mentioned in the previous analysis at 1.2090. Technically speaking, and by looking at the 240-minute chart, we find the pair …

According to official figures, British consumer spending has fallen over the past week, and the proportion of people referred to reduced-pay vacations or only those who work from home has increased, as the country remains in lockdown due to the Coronavirus. Spending on debit and credit cards, as measured by …