Daily Technical Analysis

The German DAX index managed to touch the first target published during the previous analysis, at 16,050, to record its highest level of 16,065. The current movements of the index are witnessing a decline as a result of hitting the resistance level 16,065 represented in the previous target, as we …

Oil, Crude, trading

Positive trades dominated the pound’s movements against its Japanese counterpart. However, it hit a strong resistance level around 157.70, which forced it to trade with negativity that is still limited so far. On the technical side, today, and carefully looking at the 60-minute chart, we notice that the 50-day moving …

Negative trading dominated the movements of the Canadian dollar as we expected to touch the required target for the bearish technical structure mentioned in the previous analysis at 1.2500, recording its lowest price during the early trading of the current session 1.2495. Technically, The negative pressure of the 50-day moving …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices consolidated its gains at the expense of the US dollar’s ​​decline, heading to touch the target price station during the last analysis at 1828, recording its highest level at 1828. Technically, and by looking at the 4-hour chart, we notice the price’s intraday stability above the …

Within the bullish context published during the previous analysis, the single European currency managed to achieve noticeable gains against the US dollar. Therefore, we relied on confirming the breach of 1.1380, targeting 1.1360, on recording the euro’s highest level at 1.1455. On the technical side today, and with careful consideration …

The German DAX index achieved noticeable gains within the bullish path published in the last report, recording its highest level at 15,995. Technically, we tend to be positive, but cautiously, relying on the stability of the 14-day momentum indicator above the 50 mid-line, in addition to the index’s success in …

Oil, Crude, trading