Daily Technical Analysis

The British Pound opened its first weekly trading with a bullish tendency within the upside as we expected, touching our first target 1.3310, posting high at 1.3327. Technically, we tend to be positive, depending on the pair’s stability above the 1.3270 resistance level, which has now turned into a support …

Oil, Crude, trading

The current moves of the yellow metal are seeing a negative tilted sideways range from the bottom above 1860 and the top below 1882. Technically speaking, and by looking at the chart, we found a contradiction between the negativity of the stochastic indicator on the 4-hour interval and the positive …

The Euro succeeded in establishing a decent support floor near 1.1820, as the pair successfully returned the aforementioned support level, ending the week above 1.1820. Technically, and with a closer look at the 60-minute chart, we find that the simple moving averages are still holding the price from below and …

The technical outlook remains unchanged, as the German DAX maintains positive side. Technically speaking, the index managed to build a base on support floor of 13035/13030, which was accompanied by the positive motive of the 50-day moving average. It encourages us to maintain our positive view, as long as the …

The current moves in the Dow Jones Industrial Average are witnessing a slight bearish bias, as a result of a collision with the resistance level 29480, and consolidate around the low of 29225. Technically, today, we are biased negatively in our intraday trading, depending on the negative signs coming from …

The pound returned to dominate the movements of the British Pound against its US counterpart, after finding solid support floor near 137.00. Technically, the current moves are witnessing an intraday stability above the breached resistance level of 137.60, and we find that the stochastic indicator started to provide signs that …

The Canadian dollar failed to confirm the breach of the resistance level of 1.3120, and the current moves are witnessing stability below the aforementioned level, stabilizing around its lowest level during the early trading at 1.3160. From the angle of technical analysis today, with the stochastic gradually losing the bullish …

The British Pound found a strong support floor near the psychological barrier of 1.3200, to start its daily trading positively, and hover around the resistance level at 1.3280. Technically, the simple moving averages continue to hold the price from below, and we find the RSI indicator stable above the mid-line. …

Oil, Crude, trading