Daily Technical Analysis

Against the Japanese yen, the pound managed to achieve the first required target during the previous report, located at 151.20, recording its lowest level at 151.20. On the technical side, trading remains stable below the psychological barrier 151.90 resistance, and we find negative signs still dominating the stochastic indicator. Therefore, …

The Canadian dollar failed to maintain the level that was recorded at the price of 1.2260, and as we mentioned in the previous analysis that any attempts to break the aforementioned bottom lead the pair to resume the official bearish path with an initial goal of 1.2200 so that the …

Oil, Crude, trading

Oil, Crude, trading

After several consecutive sessions of standing on neutrality, the price of the yellow metal witnessed noticeable rises, explained during the previous report that the activation of the buying centers requires a clear and strong penetration of the resistance level 1792/1795, which facilitates the task required to visit 1800 and 1810 …

The euro’s movements are still within a sideways range against the US dollar for several sessions in a row, so we find the pair trying to benefit from the psychological barrier support level of 1.2000 to re-choose the pivotal resistance of 1.2065. On the technical side, the Euro’s movements have …

Bitcoin’s movements witnessed a bullish bias during the previous trading session, and as we explained during the previous analysis that the return of stability in trading again above 56,550 leads Bitcoin prices to visit 58,070, to settle for its highest level, 57,812. Technically, the simple moving averages carry the price …

Positive trading regained control of the movements of the German DAX index after finding solid support floor around 14,960. Technically, we tend to be positive in our trades on short intervals, relying on the intraday trading above 15,110 accompanied by the positive crossover of the stochastic indicator. Therefore, we target …

The Dow Jones Industrial Average traded positively during the previous trading session, benefiting from the return of the price base above the support level of 34,050, and in general above 33,950. On the technical side today, and with a closer look at the 60-minute chart , the bullish scenario is …

The pound’s current moves against the Japanese yen are seeing a slight bearish bias after finding a strong resistance level around 152.00. On the technical side , the clear negative signs on Stochastic increase the possibility that we will witness a bearish bias in the coming hours. On short time …