Daily Technical Analysis

Bitcoin prices were able to achieve noticeable gains during the previous trading session, touching the first target published during the previous analysis, located at 55,760 and approaching the second target 56,510, to settle for recording its highest level at 56,343. Technically speaking, the possibility of a continuation remains due to …

The German DAX index maintained positive stability, benefiting from the stability above the support level of 15,200. On the technical side today, we tend to be positive, with the success of the index building on the aforementioned floor, the 50-day moving average supports the continuation of the rise to visit …

The Dow Jones Industrial Average declined in the New York Stock Exchange during the previous trading session, after hitting the resistance level of 33,870. Despite the bearish bias, the index managed to settle above the support level published during the previous report, located at 33,660, and we find that the …

The pound continues to achieve gains against the Japanese yen, touching our target mentioned in the previous analysis at 151.60, recording a high of 151.55. Technically, we are continuing to suggest the bullish trend, relying on the positive motive of the 50-day moving average, in addition to trading stability above …

The Canadian dollar retreated significantly during the last session’s trading within the expected negative outlook, in which we relied on confirming a break of 1.2380, heading directly to touch our waited target at 1.2320, recording the lowest at 1.2310. Technically speaking, and with the Canadian dollar failing to maintain the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices were able to successfully retest the pivotal support at 1765, to resume the bullish rebound, attempting to retest 1784 resistance. On the technical side, today, we find the RSI stable above the middle line, enhancing the chances of a bullish move, and we find the price stable above …

We committed to intraday neutrality in the previous analysis, explaining that for the continuation of activating long positions, we must witness an increase above 1.2060 for the pair to successfully retest the aforementioned support and start the bullish rebound again. Technically, and with a closer look at the chart, we …

The support levels published in the previous analysis at 55,120 managed to limit the bearish bias, which forced Bitcoin to rebound again. Today we are biased towards the positivity, relying on the positive motive of the 50-day moving average, in addition to the price temporarily stabilizing above 52,230. Confirming the …