Daily Technical Analysis

Negative trading dominated the pound sterling against the Japanese yen, as we expected touching the second target to be achieved during the last report, located at 151.90, recording the lowest price of 151.97. On the technical side, today we are inclined in our trading to the negative, relying on the …

A noticeable bullish push for the Canadian dollar achieved strong gains within the bullish corrective slope, as we expected during the previous analysis, touching the required official target of 1.2465, recording the highest price at 1.3481. Technically, the bullish trend is still a valid scenario, with the pair’s success in …

Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis, explaining that resuming the decline requires stability below 1800, in addition to confirming the break of 1768, so that gold managed to approach the desired target 1759, recording its lowest level at 1760. Today’s technical outlook indicates the possibility of continuing …

The bearish wave is still dominating the euro against the US dollar after slight positive movements through which the pair returned the previously broken support level 1.1880/1.1890. Technically, the bearish trend is still a valid and effective scenario, as a result of the pair continuing to obtain negative pressure coming …

The current movements of the German DAX indicators are witnessing a bullish bias, benefiting from building at the 15,650 support level. We tend to the negative in our intraday trading, but with caution, relying on the clear negative signs on stochastic and gradually losing the bullish momentum. Therefore, the bearish …

The Dow Jones Industrial Average witnessed negative trading during the previous session, after finding a strong resistance level around 34,070. On the technical side, we tend to be positive, but cautiously, relying on the index’s success in stabilizing intraday above 33,650, accompanied by the RSI’s continuous attempts to obtain bullish …

The Pound against the Japanese Yen starts its morning trading with clear negativity and starts pressing on the support level of 153.00. On the technical side, today we tend to the negativity, relying on confirming the pair’s breach of the psychological barrier’s support level, which is now turned to the …

The Canadian dollar succeeded in completing the bullish correction journey, as we expected during all the reports this week, to reach its highest level at 1.2380. Technically, we find the pair succeeded in establishing a good support floor around 1.2300, accompanied by the positive motive for the 50-day moving average, …