Daily Technical Analysis

The Euro found a solid support floor around the psychological barrier of 1.2000, which forced it to the noticeable bullish rebound to retest the 1.2065 resistance level again. Technically speaking, and with a closer look at the 4-hour chart, we find that the 50-day moving average remains a hindrance to …

Negative trades dominate Bitcoin’s movements in the short time periods, after finding a solid resistance level around 49300. Technically speaking, we tend to be negative, depending on the stability of trading below the aforementioned resistance, in addition to the negativity of the Stochastic indicator. Confirmation of breaking the 48410 level …

Positive trading dominated the movements of the German DAX index within the expected upward path, touching the official target station of 14,000, to record a high of 14,030. On the technical side today, with the price stabilizing above the support level of 13, 920 and in general above 13, 870 …

The Dow Jones Industrial Average succeeded in achieving the expected positive outlook mentioned in the previous analysis, touching the second target to be achieved, which is located at 31,490, recording its highest level during the previous session’s trading 31,634. On the technical side today and in the short time intervals …

Negative trades highlight the moves of the pound against the Japanese yen after it successfully retested the 149.20 resistance level. Technically, we tend to be negative in our trading, relying on trading remaining below the resistance level of 148.70, accompanied by the negativity of the stochastic indicator that started losing …

Oil, Crude, trading

The Canadian dollar is continuing its positive trading within the expected bullish path after it successfully retested the support level of 1.2640. Technically speaking, we will maintain our positive outlook based on trading stability above the 50-day moving average, which is accompanied by the clear positive signs on the stochastic …

Oil, Crude, trading

We kept our intraday neutrality of the previous analysis due to the conflicting technical signals, indicating that to resume the bearish trend, we need to see a break of 1717, targeting 1700, recording its lowest level during early trading for the current session at 1707. Technically speaking today, and by …

The euro resumed its downward path against the US dollar, as we expected, touching the second target previously reported, located at 1.2020, its lowest level during Asian trading hours for the current session 1.2020. On the technical side, today the current moves are witnessing stability below the previously broken support …