Daily Technical Analysis

Negative trading dominated the movements of the Dow Jones Industrial Average in the New York Stock Exchange within the expected bearish context during the previous analysis, touching the first target that is required to be achieved around 34,380, to record its lowest level at 34,387. On the technical side today, …

GBP/JPY managed to touch the first target mentioned in the previous report, which is located at 154.10, recording its lowest price at 154.13 to return to the bullish rebound again, benefiting from the support level. On the technical side, today, and with a closer look at the 60-minute chart, we …

The technical outlook is unchanged, and the pair’s movements have not changed significantly, within attempts to maintain the bullish correction tendency, setteled above 1.2030 and most importantly 1.2000. Technically, stochastic is still trying to provide positive signals to get additional momentum. Therefore, the bullish bias is likely today, targeting 1.2125, …

Oil, Crude, trading

Oil, Crude, trading

The previous trading session witnessed different movements in gold prices. To remind, we indicated during the previous analysis that activating the selling positions depends on breaking 1880 and this makes it easier to visit 1874 first target and then 1865 next official station to record the lowest price of 1868. …

Mixed trading dominated the euro’s movements against the US dollar during the previous session, to only touch the first target that was required to be achieved during the previous analysis, located at 1.2145, to record the lowest price at 1.2143. Technically, the current moves are witnessing a return to stability …

Mixed trading dominated the movements of the German DAX index to retest the strong support level of 15,500. On the technical side, we tend in our intraday trading to be positive, but with caution, relying on the continued attempts of the RSI to obtain bullish momentum, in addition to stabilizing …

The current movements of the Dow Jones Industrial Average are witnessing a slight bearish tendency, as a result of hitting the resistance level of 34,640. On the technical side today, and with careful consideration on the short time frames, we find that the RSI tends to the negative, in addition …

The pound sterling declined against the Japanese yen significantly with the beginning of the morning trading of the current session, reaching as low as 154.55. On the technical side, today we are inclined to the negativity based on the negativity of the stochastic indicator, which comes in conjunction with the …