Daily Technical Analysis

Oil, Crude, trading

Strong negative trades dominated gold prices during the previous trading session within the expected bearish context, gradually approaching the target of 1697, recording the lowest price of 1700. On the technical side today, the intraday trading remains below 1620 and the most important 1626 supports the negativity. By looking at …

We committed to intraday neutrality during the previous analysis due to the conflicting technical signals, The re-activation of the short positions needs to witness the return of the price below the 1.2065 level. On the technical side, today the euro resumed its decline after finding a strong resistance level around …

Positive trades dominated Bitcoin during the previous trading session, after finding a support floor around 48,820. Technically, we find the 50-day moving average holding the price from below, coinciding with the positive signs of the RSI, on the other hand, we find the stochastic indicator trading around overbought areas. Conflicting …

The German DAX index succeeded in achieving noticeable gains within the expected bullish path in the previous analysis, touching our awaited target at 14080, reaching its highest level at 14096. Technically speaking, the index succeeding in building a base on 13945 support floor accompanied by the positive stimulus of the …

Mixed trades dominated the movements of the Dow Jones Industrial Average on Wall Street, to settle for recording a low of 31280. On the technical side, we see the index is stable below the pivotal resistance published during the previous analysis 31,635/31,640, and we find the RSI indicator continues to …

The pound’s movement against the Japanese yen witnessed a bullish bias during the last trading session, however, we are biased towards the negative side. Technically, the price has stabilized below the resistance level of 149.65, a negative factor, accompanied by the clear negative signs on Stochastic. Therefore, the bearish bias …

Mixed trades dominated the Canadian dollar’s movements during the previous trading session and is still confined, from the bottom above 1.2600 and from the top below 1.2700. Technically speaking, the pair is turning around the support level at 1.2640, trying to build a base above the 50-day moving average. We …

Oil, Crude, trading

Oil, Crude, trading