Daily Technical Analysis

Negative trading dominated the yellow metal yesterday after it found a strong resistance near 1865, which forced it to re-test the 1838 support level. On the technical side, today we find the RSI trying to provide bullish signs of a rebound on short time frames, supported by the continued obtaining …

We committed to the intraday neutrality during the previous analysis due to the conflicting technical signals. Technically, and with a closer look at the 240-minute chart, we find the negative pressure coming from the 50-day moving average, and we find that the RSI indicator began to gain bearish momentum on …

The current movements of Bitcoin are witnessing a slight bullish bias after several consecutive sessions of strong decline, recording 28,935. Technically, we tend to the intraday positivity, but with caution, relying on the positive motive of the 50-day moving average in addition to attempts Relative strength index for bullish momentum. …

The technical outlook remains unchanged, and the index’s movements did not change significantly, preserving positive stability. On the technical side, the 50-day moving average is still holding the price from below, and we find the RSI indicator providing signs that tend to be positive. Therefore, the bullish bias is likely …

The Dow Jones industrial average maintains positive stability in the New York Stock Exchange, generally stable above the support floor 30,790. On the technical side today, and with a closer look at the chart, the stochastic indicator is still around overbought areas, and the RSI indicator is stable above the …

Positive trading dominated the movements of the pound sterling against the Japanese yen, cancelling the negative outlook, as we expected, and touching the stop loss order published in the previous analysis at 142.20. On the technical side, the current moves are witnessing a bullish bias supported by the positive motive …

The Canadian dollar was able to trade positively during the previous session within the expected bullish path, touching the target of bullish correction, as we expected at 1.2730. Technically speaking, the current movements are witnessing a slight bearish bias, as a result of the stochastic entering the intraday overbought phase. …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated gold price movements during last Friday’s session, heading to touch the official target at 1838. Technically, gold found a good support floor around 1837, to witness a re-test of 1854. Looking at the 60-minute chart, we find that the 50-day moving average is trying to push the …