Daily Technical Analysis

The euro hit the resistance level at 1.1720, continuing the gradual decline against the US dollar within the expected bearish PATH, recording its lowest price during the previous trading session at 1.1665. On the technical side, the 50-day moving average is still putting pressure on the price, in addition to …

Negative trades dominated the movements of the German DAX, touching the first target of 15,810 and approaching by a few points from the second target 15,770, to post a low of 15,799. On the technical side, we tend to be negative, but cautiously, relying on the stability of the intraday …

Oil, Crude, trading

Negative trading dominated the movements of the pound sterling against the Japanese yen, to record its lowest level during yesterday’s session 150.35. On the technical side today, the current movements are witnessing a slight bullish slope due to the positive crossover signs that started appearing on the stochastic indicator. We …

The Canadian dollar provided positive trading, maintaining the positive stability, as we mentioned during the previous analysis, touching the official target of 1.2620, recording its highest level at 1.2650. Technically, the pair succeeded in establishing a good support floor around 1.2570, as we note that the 50-day moving average is …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the first target required to be achieved during the previous analysis, which is located at 1794, recording its highest level at 1795 and approaching the official target by a few points at 1799. On the technical side today, and with careful consideration on the 4-hour …

The single European currency declined significantly during the previous trading session, within the negative outlook, as we expected, touching the official target station at 1.1700. Technically, the pair succeeded in confirming the breach of the 1.1760 support level, which is now turned into a resistance level that supports the negativity …

Mixed trading dominates the movements of the German DAX index, to start its daily trading on a descending price gap, recording its lowest price of 15,850. On the technical side today, and with a careful look at the 60-minute chart, we find the 50-day moving average pressing the price from …