Daily Technical Analysis

The yellow metal prices suffered heavy losses during the trading week ending in the bearish path, as we expected, in which we depended on the stability of confirming the breach of 1852, recording its lowest level at 1785. On the technical side, the current moves are witnessing a bullish rebound, …

Negative trading dominated the euro’s movements against the US dollar with the conclusion of last week’s trading, touching our fourth official awaited target at 1.1885, and approaching a few points difference from the next target 1.1830, to record its lowest price at 1.1850. Technically speaking, the current movements are witnessing …

Bitcoin touched the first required target during the previous analysis at 38,190 and approached the second target of 38,760, recording its highest price of 38,680. Today, we tend to be negative on short time frames, relying on Bitcoin getting negative pressure from the 50-day moving average in addition to the …

Notable positive moves dominate the German DAX index within a bullish path, as we expected touching the required official station at 14,060, to record its highest price of 14,060 during early trading for the current session. We tend to be positive in our trading, depending on the positive motive coming …

The Dow Jones Industrial Average jumped yesterday, surpassing the target of 30,800, recording its highest level at 31,022. On the technical side, we find the RSI stable above the 50 midline, supported by stochastic around overbought areas. Therefore, with the stability of trading above 30,800, this encourages us to maintain …

The pound against the yen succeeded in touching our published target during the previous analysis, located at 142.80, recording its lowest price of 142.80, to rebound once again to the upside, taking advantage of the support level of 142.80, which is our first target. The chances of it rising towards …

The Canadian dollar maintained its bullish bias within the bullish correction, as we expected establishing a good support floor around 1.2760 / 1.2750, touching the first bullish correction target of 1.2850, recording its highest level at 1.2847. Technically speaking, and with a closer look at the chart, we find the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred heavy losses during the previous trading session within the expected bearish path mentioned in daily analysis, touching the third official leg 1800, recording the lowest price of 1785. On the technical side today, and with a closer look at the 240-minute chart, we find the 50-day simple …