Daily Technical Analysis

We committed to the intraday neutrality during the previous analysis due to the conflicting technical signals, indicating that the activation of long positions requires confirmation of the breach of 1.1885, in order to enhance the chances of a rally to visit 1.1920, for the pair to succeed in reaching its …

The German DAX index on the Frankfurt Stock Exchange maintained its gains, achieving remarkable gains, recording a high of 14,473. On the technical side, we are biased towards the positivity, relying on the positive motive of the 50-day moving average, coinciding with the positive signs of the RSI. Therefore, the …

Positive trading dominated the movements of the Dow Jones Industrial Average on Wall Street yesterday, recording its highest level at 32,116. On the technical side, we tend to be positive, depending on the stability of trading above the support level 31m640, which is constantly waiting for the index to receive …

The British Pound failed to maintain the trading level above 151.00 psychological barrier resistance, as the current moves in the pair witness a bearish slope. On the technical side, today we are biased negatively in our trading, depending on the negative signs coming from the stochastic indicator. From here, with …

The Canadian dollar found a solid support floor around 1.2600, to start the bullish rebound, trying to surpass 1.2680 resistance. Technically speaking, we tend to be positive, relying on building a base on the aforementioned support floor, in addition to the clear positive signs on the RSI and its stability …

Oil, Crude, trading

Oil, Crude, trading

Gold prices found a solid support floor around 1691, which forced the price to rebound to retest the 1720 resistance level. Technically speaking, and with the price succeeding in building a base on the support floor of 1691 represented by the 61.80% Fibonacci correction, as shown on the chart, in …

The euro made positive trades against the US dollar during the previous trading session, recording its highest level at 1.1915. On the technical side today, we find the euro now hovering around a strong resistance level of 1.1880 / 1.1885, trying to stabilize it above, and with a closer look …

The German DAX index maintains positive stability after it succeeded in building a base on the support floor of 13,920, as the intraday movements of the index witnessed stability above the psychological barrier of 14,000. On the technical side today, and with the index continuing to get a positive stimulus …