Daily Technical Analysis

Narrow range sideways trading dominated the pound’s movement against the Japanese yen, after finding a strong resistance level near the psychological barrier of 154.00. On the technical side, today, we tend to be negative over the coming hours, relying on the gradually losing bullish momentum stochastic. From here, we aim …

The Canadian dollar was able to trade positive, but still, limited positivity, touching the target of the first retest published during the previous analysis at the price of 1.2120, recording its highest level 1.2120. Technically, we still believe that there is a possibility to complete the bullish corrective tendency, relying …

Oil, Crude, trading

Oil, Crude, trading

Gold prices achieved the target of the bearish corrective tendency we mentioned in the previous analysis at 1815 posting a low of 1817. On the technical side, today we are in front of a technical conflict between the clear negative features on the stochastic indicator, which supports the continuation of …

Negative trading dominated the movements of the euro against the US dollar within the bearish corrective tendency mentioned in the previous analysis, targeting 1.2085 to record the lowest level at 1.2120. Technically, and with a closer look at the 60-minute chart, we find the euro is still stable below the …

Bitcoin’s movements are witnessing a bearish trend in short intervals, after it reached its highest level during the previous trading session 59,504. On the technical side, we tend to be negative over the coming hours, relying on the negative pressure of the simple moving averages in addition to the negativity …

Positive trading dominated the movements of the DAX, gradually approaching our desired target at 15,460, to settle for its highest level, 15,436. On the technical side, the current movements of the index are witnessing a stable bearish slope below the resistance level 15,400, as we find negative signs appearing on …

The Dow Jones Industrial Average managed to achieve new political figures, as we expected, touching the official target required to be achieved during the previous session, at 34,950, to record a high of 35,000. On the technical side, the current trading is witnessing a bearish tendency, and this is a …

The British pound jumped against the Japanese yen as we expected during the previous analysis, touching the official target station at 152.60, to hit a high of 154.01. On the technical side today, with the pair succeeding in surpassing the resistance level 153.30 and the most important 152.80, which has …