Daily Technical Analysis

The German DAX index failed to confirm breaching the resistance level published during the last report located at 16,110, which forced the index to trade negatively again. On the technical side, we tend to be negative, but with caution, relying on the price stability below 16,110, in addition to the …

Oil, Crude, trading

After several consecutive sessions of the sideways trend tilted to the downside, GBP/JPY managed to touch the first awaited target at 152.50, recording its lowest level at 152.38. On the technical side, the 50-day moving average still supports the possibility of a decline, in addition to stabilizing trading below the …

The technical outlook is unchanged, and the movements of the Canadian dollar did not change, maintaining the positive stability within the bullish corrective path. Technically, and with the pair’s success in intraday stability above 1.2510, in addition to the stability of trading above the previously breached resistance level 1.2480 located …

Oil, Crude, trading

Oil, Crude, trading

We adhered to the intraday neutrality at the end of last week’s trading due to the conflicting technical signals and the high-risk levels coupled with the expected return. Technically, we find that gold prices achieved a pivot on the support floor of 1845, which forced the price to rebound bullishly …

The negative moves continue to dominate the euro against the US dollar within a gradual decline to the downside, heading to 1.1400, recording its lowest price at the end of last week’s trading at 1.1433. Technically, the bearish scenario is still the most preferred, based on the regularity of move …

Positive trades dominated the movements of the German DAX index to retest the 16,110 resistance level after it built on a 16,030 support level. On the technical side, today, we tend to the positivity, but with caution, relying on the positive stimulus coming from the 50-day moving average, in addition …

Oil, Crude, trading