Daily Technical Analysis

We maintained our intraday neutrality during the previous analysis, despite our trading bias towards the negative, due to the conflicting technical signals and the high level of risks. The current moves of the pound against the Japanese yen are witnessing a bearish tendency as a result of stabilizing below the …

The pair found a solid support floor around the support level of the psychological barrier mentioned during the previous analysis at 1.2700, to start its daily trading with a slight upward slope. Technically speaking, we tend to be positive in the coming hours, relying on trading stability above 1.2700 in …

Oil, Crude, trading

Oil, Crude, trading

Gold trading witnessed positive movements during the previous trading session within the bullish path, as we expected, surpassing the target required to be achieved at 1882/1883, recording the highest of 1896. Technically speaking, the pair is based above the previously breached resistance-into-support at 1875/1773 and this considered as a positive …

The single European currency managed to keep its gains against the US dollar, touching our goal as we expected at 1.2270, recording its highest level during today’s morning trading session, 1.2272. On the technical side, and by looking at the 60-minute chart, we find that there are negative crossover signals …

The German DAX index succeeded in touching the official station to be achieved, which is located at 13,580, recording its highest level of 13,587. On the technical side, the index is successful in building a base on the 13,500/13,490 support floor, temporarily supporting the upside, in addition to the positive …

Positive moves dominate the Dow Jones Industrial Average on Wall Street, recording a high of 30,225. On the technical side, we tend to be positive in our trading, but cautiously depending on the index’s price base above the 30,000/29,990 support level, accompanied by the persistence of stochastic centring around overbought …

The British pound sterling achieved noticeable gains against its US counterpart during the previous trading session, touching our first awaited target at 139.90, recording its highest level during the last session at 140.07. On the technical side, and with a closer look at the 4-hour chart, we find negative signs …

The Canadian dollar was able to achieve the technique of retesting the resistance published during the previous analysis, which we made clear yesterday that we will increase the risk appetite to target 1.2775, recording the highest of 1.2790. Technically speaking, signs of negativity began to appear on Stochastic again and …