Daily Technical Analysis

Positive trading dominated the movements of the pound sterling against its Japanese counterpart, touching the official target to be achieved yesterday, located at 140.35, posting a high of 140.31. On the technical side, today we find the price is stable above 139.30, and the RSI indicator is stable above the …

The technical outlook remains unchanged, and the Canadian dollar has not changed significantly, preserving negative stability. Technically, the technical factors indicate the possibility of continuing the decline, to find the simple moving averages continue negative pressure on the price from the top, accompanied by the obvious negative impact on the …

The pound sterling traded against US Dollar in a noticeable positive way, touching the second target to be achieved during the last analysis, located at 1.3430, to hit its highest level at 1.3442. On the technical side today, and with the pair’s success in building a base on the pivotal …

Oil, Crude, trading

Gold prices were able to achieve gains during the previous trading session, as part of a technical outlook for the simple upward correction within the downward trend indicated in the previous analysis, touching our required corrective target of 1800 to reach its highest level at 1817. Technically speaking, and by …

The single European currency continues to achieve gains against the US dollar within the bullish path, as we expected, touching the second target to be achieved yesterday, located at 1.2080, posting its highest level at 1.2083. Technically, and with a closer look at the 240-minute chart, the moving averages are …

The German DAX index posted noticeable gains within the expected bullish path, touching the second target to be achieved, mentioned in the previous analysis, at 13,420, recording a peak at 13,441. Technically, with the index being able to build on a support floor of 13,260, in general above strong support …

The Dow Jones Industrial Average witnessed positive trading, surpassing the first desired target mentioned in the previous analysis at 29,870, Posting a high of 29,917. Technically, looking at the 60-minute chart, we find the RSI is stable above the mid-50 line, accompanied by the positive stimulus coming from the 50-day …

The Pound jumped against the Japanese Yen, surpassing the required target within the expected bullish path, reaching its highest level during the previous trading session at 139.60. Technically, with the pair able to build on the 139.00 support floor, with the pair continuing to get a positive stimulus from the …

The Canadian dollar remains on the negative side, as we expected, in which we relied on breaking the support level of 1.2985, heading directly towards the first target 1.2930, to record its lowest level during the previous session at 1.2923. Technically, the technical factors indicate the possibility of continuing the …