Daily Technical Analysis

The Canadian dollar made positive attempts targeting a retest of the pivotal resistance 1.3120, but was unable to breach it yet. Technically, by looking at the 240-minute chart, we find that the stochastic has started to provide negative signals as a result of entering the overbought phase. Consequently, we will …

The British pound continues to rise against the US dollar, maintaining the bullish path, benefiting from stability above the support level 1.3170, approaching a few points difference from the goal published in the previous analysis at 1.3285, posting a peak at 1.3273. Technically, we are biased towards the positivity given …

Oil, Crude, trading

The yellow metal prices retreated significantly during the early trading session of the current session, after facing strong pressure from the 1901 resistance level, to hit the 1875 low. Technically, the simple moving averages continue to pressure the price from the top, coinciding with the clear negative signs on the …

The euro continues to gradually rise to the upside against its US counterpart within the expected bullish path, touching the target required to be achieved during the previous analysis at 1.1870, reaching a peak at 1.1894. Technically, looking at the 4-hour chart, we find negative signs appearing on the stochastic …

The German DAX is trading on the positive side, surpassing yesterday’s goal at 13230, reaching a high of 13270. Technically, price anchoring above previously breached resistance in addition to the positive catalyst from the simple moving averages that continue to hold the price. This encourages us to maintain the positive …

The Dow Jones Industrial Average continues to achieve gains, touching goal mentioned in the previous analysis at 29,960, approaching 2nd target of 30,000, reaching a peak at 29,994. Technically, looking at the 60-minute chart, we find the RSI is still providing positive signals, with the stochastic oscillating around overbought areas. …

British Pound was on positive side against the Japanese Yen within the expected bullish path, touching the first target at 138.65, posting a high at 138.87. Technically, with the pair consolidating on a support floor of 137.50, with the pair continuing to receive a positive stimulus from the 50-day moving …

The Canadian dollar managed to achieve the negative outlook, as we expected, touching the first target to be achieved mentioned in the previous analysis, at 1.3075, posting a low of 1.3065. Technically, we tend to be negative, relying on the stability of trading below 1.3120 in addition to the clear …

Pound was dominated by mixed trading against the US dollar after it made attempts to rise, posting high at 1.3242. Technically, we are biased towards the positivity, depending on the price’s intraday stability above the support level of 1.3175, which meets around the 50-day average and adds more strength, in …