Daily Technical Analysis

Gold prices were able to touch the expected official target we mentioned in the previous analysis, located at 1807, recording its lowest level at 1808. Technically, and with a closer look at the 4-hour chart, we find the stochastic indicator began to gradually lose the bullish momentum, in addition to …

Negative trading dominated the movements of the euro against the US dollar during the previous trading session, recording its lowest level at 1.2051. Technically speaking, we see that the euro has returned to stability again above the strong support located at 1.2065 represented by the 38.20% Fibonacci correction as shown …

Mixed trades dominated Bitcoin’s prices during the previous trading session, to witness the current movements of Bitcoin, a bullish slope after it found a support level around 54,520. Technically, we tend to be positive, but cautiously depending on trading stability above the aforementioned support, in addition to attempts to stabilize …

The German DAX index declined significantly within the negative outlook expected during the previous analysis, touching the official target of 15,140, to record its lowest level at 15,002. On the technical side today, the bearish bias is likely today, depending on the stability of trading below the resistance level 15,200 …

We committed to the intraday neutrality during the previous analysis due to the high level of risks of trading in the Dow Jones Industrial Average, a bearish tendency, indicating that in the event that 34,490 breaks are confirmed, we may witness a bearish bias targeting 34,410, to record the index …

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 …