Daily Technical Analysis

Mixed trades dominated the movements of the euro against the US dollar during the previous trading session, heading to touch the first target 1.2150 and approached a few points difference from the second target 1.2110, to record its lowest level at 1.2130. Technically, and with a closer look at the …

The German DAX index maintained its gains, continuing its gradual rise to the top, approaching a few points difference from the target required to be achieved during the previous analysis, 13,790, recording its highest level of 13,760. On the technical side, as the index continues to receive a positive stimulus …

Positive trading continues to control the movements of the Dow Jones Industrial Average on Wall Street, to find the index succeeded in building a base on the support floor of 30,050, and in general above 30,000. On the technical side, and with the RSI still defending the upside, in addition …

The British Pound retreated significantly against the Japanese Yen, to start its first weekly trading on a strong bearish slope that is stable below 138.80. On the technical side, we tend to negatively trade our trades, depending on the negative crossover signals coming from the stochastic indicator. Therefore, the bearish …

The support levels published during last week’s reports located at the price of 1.2700 were able to limit the bearish bias that continued for several sessions in a row, to find that the pair succeeded in building a base on the aforementioned level within the bullish correction scenario published during …

Oil, Crude, trading

Oil, Crude, trading

Gold opened its first weekly trading with a noticeable rise after the US Congress approved the US $900 billion stimulus package, which pushed gold prices to touch the resistance level of the psychological barrier of 1900 during the Asian session for the current session. Technically speaking, with the price consolidating …

Negative trading dominated the movements of the single European currency within the bearish corrective tendency referred to during last Friday’s report, touching the required retest target of 1.2190, to record its lowest level during early trading for the current session at 1.2178. Technically, and with a closer look at the …

positive trading dominated the German DAX, touching goal of 13,720, to record its highest level at 13,720. On the technical side today, as the index continues to receive a positive stimulus from the 50-day moving average, in addition to the positive signs coming from the RSI on short time frames. …