Daily Technical Analysis

The Dow Jones Industrial Average found a strong resistance level around 30,160, which was able to limit the upside temporarily, as the current moves are witnessing a slight bearish slope around its lowest level during the session 29,950. On the technical side, and with a closer look at the 60-minute …

Negative trading dominated the pound’s movements against the Japanese Yen, as we expected, touching the target to be achieved mentioned in the previous analysis, at 138.10, recording 138.20, its lowest price during the previous session. On the technical side, today the current moves are witnessing a slight upward slope, as …

The Canadian dollar declined significantly, heading to visit our first target for the current downturn, which was published in all technical reports for the current week at a price of 1.2700, recording a low at 1.2705. On the technical side, and by looking at the 60-minute chart, we find the …

Strong declines in the movement of the pound against the US dollar approached by a few points from the first target of the current wave of decline, as we expected at 1.3220, recording a low at 1.3242. On the technical side, and with a closer look at the 4-hour chart, …

Oil, Crude, trading

The technical outlook remains unchanged, and gold’s movements have not changed significantly, maintaining the bearish bias, stable below the 1850 resistance level. Technically speaking, and with a closer look at the 240-minute chart, the signs of negativity are still dominating the stochastic, and this comes in conjunction with the RSI …

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 index succeeded in achieving the target required mentioned in the previous report, located at a price of 13,420, reaching its highest level at 13,453. On the technical side, we tend to be positive in our trading, relying on the index above the support floor of 13,245, which …

Positive trading dominated the movements of the Dow Jones Industrial Average after it succeeded in breaching the resistance level at 30,270, posting a high of 30,307. On the technical side, the current movements on short time intervals are witnessing a bearish tendency, as a result of the price stabilizing below …

Mixed trades tended to positively dominate the movements of the pound sterling against the Japanese yen, posting its highest level at 140.35. On the technical side, the current moves are witnessing stability below 140.00, as the stochastic indicator is still providing signs of a negative crossover. From here we will …