Daily Technical Analysis

The Dow Jones Industrial Average touched our first target required to be achieved during the previous trading session, located at 33,680, approaching a few points difference from the second target 33,740, recording the highest of 33,720. On the technical side, the RSI indicator is trying to hold onto the bullish …

The pound’s moves against the Japanese yen are witnessing a downward tendency to gradually approach the first target required to be touched during the previous analysis, 149.40, to settle for recording a low of 149.65. On the technical side, today, we tend to be negative, citing the continuation of stochastic …

The Canadian dollar succeeded in touching the first target required to be achieved during the previous analysis, located at 1.3600, recording its highest level during the previous trading session at 1.2630. Technically speaking, the pair hit a strong resistance level at 1.2630, retreating significantly to retest 1.2530. With a closer …

Oil, Crude, trading

Oil, Crude, trading

Gold prices found a solid support floor around 1723, which forced the price to rally up again to retest the 1747 resistance level. On the technical side today, and by looking at the 4-hour chart, we find gold succeeded in stabilizing intraday above 1736, and we see the 50-day moving …

We committed ourselves to the intraday neutrality during the previous analysis, indicating that we are waiting to confirm the breach of the resistance level of 1.1885, and then 1.1925 to enhance the chances of an advance towards 1.1975, to record the highest level during the previous session at 1.1955. Technically, …

The gradual rise of the German DAX index after finding a strong support floor around 15,200. Technically, with the intraday trading remaining above the 15,160 support level accompanied by the positive stimulus of the 50-day moving average, in addition to the positive signs of the RSI on short time frames. …

The Dow Jones index maintains positive stability, recording its highest level during the previous trading session, 33,670 benefiting from an intraday consolidation on the support floor of 33,560. Technically, we tend to be positive, relying on the RSI to continue providing positive signals on short intervals, which come as the …

Negative trading dominated the pound’s movements against the Japanese yen within the expected bearish context during the previous analysis. On the technical side, we tend to be negative, relying on the confirmation of the pair breaking the support level of 150.70, which is now converted into a resistance level, in …