Daily Technical Analysis

Negative trading dominated the German DAX index, recording its lowest level during the previous trading session, around 14,966. Technically, the current moves are witnessing a slight bullish slope that aims to gather the price to retest the 15,360 level before resuming the decline again. RSI supports the aforementioned bullish corrective …

Oil, Crude, trading

GBP/JPY fell significantly during the previous trading session, touching the extended target at 149.50, posting the lowest price of 149.20. On the technical side today, we believe that the current positive movements are temporary, and we find that Stochastic has started to lose bullish momentum. Therefore, the bearish bias is …

Mixed trading dominated the Canadian dollar’s movements yesterday, affected by the Canadian elections, Heading to 1.2860, to record the highest at 1.2895. Technically, and by looking at the chart, we find stochastic is trying to get rid of the current negative signs, and we find the price is stable intraday …

Oil, Crude, trading

Oil, Crude, trading

Yellow metal witnessed Positive attempts during the previous trading session, after several consecutive sessions of losses, retesting the resistance level published in the previous analysis located at 1768. Technically, the current trading is still stable below 1768, 61.80% Fibonacci correction and the simple moving averages are still pressing the metal, …

Quiet trading for the euro against the US dollar tended to the downside, trying to settle above our last target at 1.1700, to witness a temporary bullish bias aimed at retesting 1.1740. Technically, and by looking at the 240-minute chart, we find the stochastic started losing the bullish momentum gradually, …

GBP/JPY started its daily trading with a bearish bias, after it failed to stabilize for a long time above the 151.00 level. On the technical side, we tend to the negativity today, relying on the stability of trading below the mentioned resistance at 151.00, accompanied by the RSI gaining bearish …

The Canadian dollar achieved substantial gains last week, touching the first target required to be achieved in the previous analysis, which is located at 1.2770, to start its daily movements positively, recording the highest 1.2800. Technically, today, the bullish trend is still valid and effective, relying on the stability of …