Daily Technical Analysis

The Canadian dollar came under selling pressure during the previous trading session within the expected negative outlook, in which we depended on the breach of the support level of 1.2710, heading for touching our first target of 1.2670, recording a low of 1.2674. Technically, and with a closer look at …

Oil, Crude, trading

Oil, Crude, trading

We committed to the intraday neutrality during the previous analysis, indicating that we are waiting to confirm the breach of the resistance level of 1845, to enhance the chances of a bullish move towards our first awaited target of 1851, Posting Highest price during the last session at 1855. Technically …

Quiet trading dominated the movements of the euro against the US dollar during the previous trading session, in a positive path, posting a high of 1.2144. On the technical side today, and by looking at the 60-minute chart, we find that there is a beginning of a decline in momentum, …

Bitcoin succeeded in retesting the required support during the previous analysis, located at the price of 46,440, recording its lowest level at 45,797. On the technical side, today we find the RSI indicator gradually losing the bullish momentum over the short time periods. With the intraday trading remaining below the …

The German DAX index declined, eliminating the positive technical outlook as we expected, in which we relied on trading above 14,000, we indicated during the previous analysis that the attempt to break 14,000 postpones the chances of an upside and leads the index to re-test 13,950 to record a low …

Positive moves continue to dominate the Dow Jones Industrial Average, as we expected touching the first target to be achieved during the previous analysis, located at 31,350, recording its highest level at 31,382. On the technical side, today, with the index resting above the support floor of 31,210, accompanied by …

The British pound was able to successfully retest the support level published during the previous analysis, located at 143.90, to record its lowest level during the previous trading session at 144.00, to return to the upside rebound. The technical aspect today indicates the possibility of continuing the rally with the …

The technical outlook remains unchanged, and the pair’s movements have not changed significantly, maintaining the expected bearish bias. Technically speaking, the negative pressure from the 50-day moving average supports the continuation of the decline, in addition to trading stability below the extended resistance level of 1.2765 / 1.2780. Therefore, our …