Daily Technical Analysis

Limited positive attempts for the Canadian dollar are close to the goal of re-testing the resistance at 1.2850, to record its highest level during the previous session at 1.2835. Technically speaking, we find the pair trying to build a support floor around 1.2765, as we find the stochastic indicator trying …

Mixed trades dominated the movements of the pound sterling against the US dollar, cancelling the negative outlook and touching the stop-loss order published in the previous analysis at 1.3410, recording its highest level at 1.3480. On the technical side, and despite the bullish tendency, we tend to be negative. We …

Oil, Crude, trading

The pivotal resistance levels published during the previous analysis located at the price of 1870, which we indicated as the key to protecting the bearish trend, succeeded in limiting the upward bias, forcing gold prices again to trade negatively towards the second required target of 1843, posting its lowest price …

We stayed on the fence during the previous report due to the conflicting technical signals. On the technical side, by looking at the 240-minute chart, we find the stochastic indicator providing negative crossover signals. From here, with intraday trading below 1.2145 and in general, below the 1.2170 resistance level, the …

Positive Moves is still dominating the movements of the German DAX index. On the technical side, we tend to be positive, depending on trading remaining above the strong support at 13,220, in addition to the positive motive coming from the 50-day moving average. The first target is located around 13,320/13,340, …

The Dow Jones Industrial Average jumped on Wall Street touching our official target to be achieved in the last analysis, which is located at a price of 30,260, reaching its highest level at 30,271. On the technical side, and by looking at the 60-minute chart, we find the RSI continues …

The British pound is showing positive moves against the Japanese yen, benefiting from stability above 138.50 support. On the technical side, and with a closer look at the 4-hour chart, we find that the stochastic indicator began to gradually lose the bullish momentum, and the simple moving averages are still …

The Canadian dollar started its daily trading at a high, but still a limited rise, after attempts to build on the support floor of 1.2765 represented by the first target of the previous report. technically speaking and with a closer look at the 60-minute chart, we find the 50-day moving …

The British pound opened its early trades for the current session with a slight upward slope after several consecutive sessions of retreat against the US dollar within limited attempts to rise, benefiting from the psychological barrier support level of 1.3300. On the technical side, the price has stabilized below the …