Daily Technical Analysis

The attempts to gradually ascend the euro against the US dollar continue within the expected bullish path, benefiting from building on the support level of 1.1900, gradually approaching the first target required to be achieved during the previous analysis at 1.2010, recording a high of 1.1995. Technically speaking, we find …

The German DAX index found a strong resistance level around the official target published during the last analysis at 15,310, which forced it to retest the pivotal support level of 15,200. On the technical side, and despite the bearish bias, we find the index is still stable above 15,200 and …

The Dow Jones Industrial Average touched the first target required to be achieved during the previous analysis, at 33,710, recording a high of 33,797. On the technical side today, we believe that there is a possibility of a negative bias during the coming hours, depending on the negative signs that …

The British Pound continues trading negatively against the Japanese Yen within a gradual decline towards the awaited target of 149.45, to settle for the lowest level at 149.58. On the technical side, we will maintain our negative outlook, relying on stability below 150.50/150.60, accompanied by clear negative signs on Stochastic. …

Negative trading dominated the Canadian dollar against its US counterpart, as part of the technique of retesting the support, as we expected, touching the required target of 1.2500. Technically speaking, trading remains below the previously breached support level of 1.2560, supporting the negativity. This comes in conjunction with the negative …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices failed to surpass the level of the pivotal resistance published during the previous analysis, located at 1749, which forced gold to trade negatively again, to re-test the 1730 support level. On the technical side, trading remaining below the aforementioned resistance increases the possibility that we will …

Positive trading dominated the euro against the US dollar so that the pair could touch the official target station during the previous analysis at 1.1975, recording a high of 1.1987. Technically, we find the current moves are witnessing stability above the psychological barrier of 1.1900, and we find the 50-day …

The German DAX index succeeded in touching the first official target station at the price of 15,310, recording its highest level during the previous trading session at 15,298. On the technical side, with the index continuing to trade above the support level of 15,210/15,200, which is dotted with the continuous …