Daily Technical Analysis

Positive trades are dominated Bitcoin, to record its highest price during early trading of the current session at 46,516. On the technical side, there is a conflict between the positive motive coming from the 50-day moving average, and the negativity on the stochastic indicator. We will remain neutral due to …

The German DAX index opened its first weekly trading with a bullish bias, taking advantage of building a base on the support floor 13,710/13,700. On the technical side, and by looking at the 60-minute chart, we see signs of a positive crossover that started appearing on the stochastic indicator. We …

Negative trading dominated the Dow Jones Industrial Average, touching the official target to be achieved last Friday, located at 30,900, recording the lowest price of 30,865. On the technical side, trading has stabilized today above the support level at 30,825, accompanied by the index obtaining positive signs from the RSI. …

The pound sterling against the Japanese yen managed to touch the first target located at 147.40, recording the lowest price of 147.40. Technically, the pair found a good support floor around the aforementioned target, and with a closer look at the 60-minute chart, we find that positive features began to …

The Canadian dollar recovered significantly during last Friday’s trading session within the path of the aforementioned bullish correction, touching the first target of the correction at 1.2690, recording a high of 1.2748. Technically speaking, and with a closer look at 60 minutes chart, we find the stochastic indicator is trading …

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred strong losses at the end of last week’s trading within the expected downside path, in which we relied on the existence of a bearish technical structure that supports the decline, surpassing the official target of 1745, recording its lowest price of 1717. Technically speaking, and with a …

The euro fell against the US dollar, a noticeable decline within the negative outlook expected during the previous analysis, touching the second official target of 1.2065, posting a low of 1.2062. On the technical side today, and with a closer look at the chart, we find the negative pressure continues …

Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous trading session on Wall Street, recording its highest level at 32030. On the technical side, trading in a short time frame witnessing a bearish bias, as we find the price stable below 31,300, and in general …