Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

Gold prices witnessed a gradual rise to the upside after it succeeded in confirming the breach of the strong resistance at 1820, which is close to our awaited target of 1551, to settle for recording its highest level during the last session of 1848. Technically speaking, we find gold is …

Positive trades dominated the euro’s movements against the US dollar after it succeeded in breaching the resistance level at 1.2065, and then 1.2090, to hit its highest level during the previous session’s trading at 1.2130. On the technical side today, and by looking at the 240-minute chart, we find the …

Bitcoin prices jumped to achieve strong gains, surpassing all our targets, to reach the last target at 39,540, to reach its highest level at 47,325. The daily trend is tilted to the upside, but with a closer look at the short time frames, we find the signs of overbought clearly …

The German DAX continues to achieve the required bullish targets, maintaining the positive stability, touching our official awaited target during the previous analysis located at 14,160. The technical side indicates the possibility of extending the gains. With a closer look at the chart, we find the simple moving averages continue …

The Dow Jones Industrial Average managed to maintain the bullish path as they expected, touching the first target to be achieved during the previous analysis, located at 31,245, and approaching a few points difference from the second target 31,325, recording its highest price of 31,306. The technical side today indicates …

The technical outlook remains unchanged, and the pound’s moves against the Japanese yen have not changed little, preserving the positive stability above 144.00. On the technical side, today we find the pair is stable above the 50-day moving average, which meets around the support level of 143.90 and adds more …

The Canadian dollar retreated, achieving the negative outlook, as we expected, in which we relied on the bearish technical structure mentioned during the previous analysis, touching our required target of 1.2710. Technically, the negative pressure from the 50-day moving average supports the continuation of the downside, in addition to trading …

Oil, Crude, trading