Daily Technical Analysis

Gold prices succeeded in touching the first target required to be achieved during the previous analysis, located at a price of 1747, recording its highest level of 1747. Technically speaking, and with a closer look at the chart, we find intraday trading is stable below 1747, accompanied by the loss …

Quiet trading dominated the moves of the euro against the US dollar during the previous trading session, to find the pair a good support floor around 1.1880 within limited upside attempts to target a re-test of 1.1950. On the technical side today, and with a closer look at the 60-minute …

The current movements of the German DAX index are witnessing a bearish tendency after it succeeded in breaching the support level of 14,700, which has now been converted into a resistance level. On the technical side, today we find the 50-day moving average is pressing the price from the top, …

The Dow Jones industrial average found a strong resistance level around 32,850, after several consecutive sessions of incline, as the current movements of the index witnessed a slight bearish slope due to the stability of intraday trading below 32740. Technically speaking, today indicates the possibility of a temporary bearish bias …

The pound fell against the yen during last Friday’s trading, touching the first target to be achieved, which is located at 150.55, recording its lowest price of 150.27. On the technical side, today there are some positive signs that started appearing on the stochastic indicator, but the 50 day moving …

The Canadian dollar succeeded in its gradual rise to the upside, approaching a few points difference from the first target required to be achieved at 1.2560, recording a high of 1.2550. Technically, and with a closer look at the interval chart, we find the pair managed to build a base …

Oil, Crude, trading

Oil, Crude, trading

Mixed trades are still dominating gold prices as a result of the price retreating from the bottom above the 1720 support level and from below the 1747 resistance level. On the technical side today, and by looking at the 4-hour chart, the glory of the 50-day moving average will hold …

Quiet trading tended to be negative, dominating the movements of the euro against the US dollar, heading to touch our first target to be achieved, 1.1885, recording the lowest price of 1.1873. Technically speaking, and with a closer look at the 4-hour chart, we find the euro is based on …