Daily Technical Analysis

Narrow-range sideways trades dominate the moves of the EUR/USD pair, which consolidate from the top above the support level of 1.2100 and from downside below the resistance level at 1.2180, and the technical outlook has not changed little. Technically speaking, with a closer look at the 240-min chart, we find …

The German DAX index began its weekly trading with a bullish tendency, recording its highest level during early trading for the current session 13,277. On the technical side, we tend to be positive in our trading, relying on the index’s anchorage above the 13,000 support floor accompanied by the positive …

The Dow Jones Industrial Average jumped at the beginning of this week’s trading within a bullish path, as we expected a gradual approach to the required target 30,270, recording its highest level during early trading for the current session 30,213. On the technical side, with the RSI indicator continuing to …

The British Pound against the Japanese Yen found a solid support floor around 136.80, to witness the current moves, an upward slope approaching a re-test of 138.80 resistance. On the technical side, and by looking at the 60-minute chart, we find the 50-day moving average supports the upside. This comes …

Limited positive attempts dominated the Canadian dollar’s ​​movements after it hit the first official target indicated during the last analysis, located at 1.2700. From the angle of technical analysis today, we find that the stochastic gradually started losing the bullish momentum, and we find the simple moving averages continuing their …

Oil, Crude, trading

Oil, Crude, trading

Trading tended to be negative during the last trading session last week, when gold prices touched the first target to be achieved, 1825, recording its lowest level at 1823. Technically, despite the return of stability above the support floor of 1823, we find negative signs still dominating the stochastic, accompanied …

The euro’s movements against the US dollar witnessed a slight bullish tendency, benefiting from stability above the support level of 1.2070, as the current moves in the pair witness a re-test of the 1.2170 resistance level. On the technical side, we find the 50-day moving average that holds the price …

The German DAX maintains positive stability after succeeding in establishing a decent support floor above 13,220 and generally above 13,190. On the technical side, we tend to be positive in our trading, relying on the index’s anchorage above the 13,220 support floor, which is accompanied by the positive stimulus of …