Daily Technical Analysis

The current movements of GBP/JPY are witnessing an upward bias as a result of building a base at the support level of 154.30. On the technical side, we are biased towards positivity today, but cautiously, relying on attempts to capture the stochastic indicator for more additional momentum. We are targeting …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the bullish corrective slope within the expected bullish context. Technically, by looking at charts, we find the pair succeeded in building support at 1.2100/1.2090, accompanied by positive signs from the RSI gaining more bullish momentum. Therefore, …

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred heavy losses at the beginning of this week’s trading within the negative technical outlook as we expected, in which we relied on breaking 1880, exceeding the required official target 1855, recording its lowest level at 1844. Today’s technical view indicates the possibility of continuing the bearish corrective …

Quiet trading dominated the movements of the single European currency against the US dollar during the previous session so that the current movements witnessed attempts to recover, but there are still limited attempts. Technically, and with a closer look at the 60-minute chart, we find that the RSI is trying …

The German DAX index jumped within the expected upward trend, touching the official target to be achieved during the previous report 15,700, recording its highest level of 15,720. Technically, today, we tend to continue rising, relying on the index’s pivot above 15,600 and in general above 15,500, accompanied by the …

The movements of the Dow Jones Industrial Average witnessed mixed trading at the end of last week’s trading within the expected bearish path, explaining that breaking 34,415 increases the negative pressure to target 34,180, hit a low of 34,310. On the technical side today, the current movements are witnessing a …

Negative trading dominated the movements of the pound sterling against the Japanese yen within a sideways that tends to negative. On the technical side, trading stability below the psychological barrier of 155.00 supports the negativity, in addition to stochastic losing the bullish momentum gradually. Therefore, the bearish bias is likely …

Positive trading dominated the movements of the Canadian dollar during the previous trading session, touching the target of the bullish corrective slope published during the previous analysis at 1.2170, to record its highest level at 1.2177. Technically, and with careful consideration of the chart, we find that the pair succeeded …