Daily Technical Analysis

Tight sideways trading is still dominating the Canadian dollar, with little change, continuing in its attempts to stabilize above the support level of 1.2260. Technically, and with a closer look at the 60-minute chart, we find the SMA 50 came back to pressure the price again and it still constitutes …

Oil, Crude, trading

Oil, Crude, trading

The sideways trading is still dominating gold’s movements within a sideways range confined from the bottom above the support level 1770 and from below below the resistance level of 1784. On the technical side, we witnessed a successful retest of the support level of 1770, which forced the price to …

The single European currency continued its quiet trading in a bearish context, as we expected it gradually approached the first official target published during the previous analysis, 1.1975, to record its lowest price during the previous session at 1.1984. On the technical side, today we witness a stability of the …

Negative trading dominated Bitcoin’s movements, re-testing the support mentioned in the previous analysis, through which we aimed to re-test 55,800, to reach lowest level at 53,236. On the technical side, we find the stochastic indicator started losing bullish momentum, in addition to the negative pressure of the 50-day moving average. …

The German DAX index declined significantly after failing to maintain the trading level above the solid support floor 15,200, explaining that breaking the aforementioned level is able to completely thwart the bullish scenario and put the index price under negative pressure targeting 15,150, and then 15,055, to reach its lowest …

The Dow Jones Industrial Average retreated significantly during the previous trading session, nullifying the positive outlook and touching stop-loss published in the previous analysis at the price of 33,860. As a reminder, we indicated that any attempts to break the aforementioned level will stop the bullish tendency and put the …

Positive trading dominated the pound’s movements against its Japanese counterpart within the bullish leg published during the previous analysis, recording its highest level of 152.05. On the technical side, we are positive in our trading, depending on the stability of trading above 151.30 and the most important of 151.10, which …

The consolidation scenario published in the previous analysis succeeded in supporting the Canadian dollar’s attempts to rise, touching the first target 1.2310, and approaching a few points difference from the second target 1.2375, to record the highest around the previously breached support level and turned into the resistance level at …