Daily Technical Analysis

The Canadian dollar succeeded in touching the target of the upside correction mentioned in the previous analysis, located at 1.2880, to record it’s high at 1.2875. Technically speaking, we find that the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices started their first weekly trading on a slight upward bias, benefiting from building on the ground of the support 1851, which is near its highest level during the early trading of the current session around 1861. On the technical side, today the 50 day moving average …

Narrow range sideways trades dominate the movements of the euro against the US dollar, capped from the bottom above the minor support level of 1.2100 and from the top below the resistance level at 1.2170. Technically, and with a closer look at the 240-minute chart, we find the pair is …

Negative trading dominated Bitcoin within the expected bearish path during the previous report touching the required target located at the price of 31,130. The daily trend is still a bearish trend, but on short time frames, we notice attempts by Stochastic to erase the negativity temporarily. We may witness a …

The German DAX index suffered heavy losses during the previous session, after confirming the breach of the strong support level at 13,800. On the technical side, the negative pressure coming from the 50-day moving average is accompanied by the stability of the RSI indicator below the middle line. This increases …

The Dow Jones Industrial Average declined significantly during the previous trading session, to cancel the positive outlook and touching the stop-loss order. We indicated that trading below 30,615 is able to completely negate the Bullish Scenario and we may witness a strong bearish tendency, with an initial target around 30,470, …

The positive moves continued to dominate the Pound against the Japanese Yen, achieving the first bullish target published during the previous analysis at 142.85. On the technical side today, with trading stabilizing above the support floor at 142.20, in addition to the pair continuing to get a positive motive from …

Positive trading dominated the Canadian dollar within the bullish technical correction, as we mentioned during the previous analysis, touching the aforementioned first correction target of 1.2830, recording its highest level during early trading for the current session 1.2836. Technically speaking, and with the pair’s success in stabilizing, intraday, above the …