Daily Technical Analysis

The euro traded quietly against the US dollar within sideways trading, through which the pair succeeded in re-testing the support level mentioned in the previous analysis at 1.2060. Technically speaking, by looking at the 4-hour chart, we find the euro is stable intraday above 1.2060 Fibonacci retracement 38.20% and generally …

Positive trading dominated the movements of Bitcoin within the bullish corrective bias targeted during the previous analysis at 52,050, recording its highest level at 54,301. On the technical side, the current movements are witnessing a bearish bias, as a result of the negative features that started to appear on the …

The German DAX index managed to achieve the required target during the previous analysis, located at 15,350, to hit a high of 15,343. On the technical side, today we tend to be positive, with the index succeeding in building a support floor of 15,260, and generally above 15,200. The 50-day …

The Dow Jones Industrial Average traded positively during the previous trading session on Wall Street, recording its highest levels of 34,042. On the technical side today, the upside bias is still in place, with the index price stabilizing above the 33,790 support level, accompanied by the clear positive signs on …

The pound against the Japanese yen was able to achieve our bullish targets located at 150.45, recording its highest price during the previous session’s trading at 150.60. On the technical side today, the bullish bias still dominates the pair’s movements, depending on the stability of trading above the 50-day moving …

The Canadian dollar fell significantly against its US counterpart, touching the official target during the previous analysis, located at 1.2380, recording a low of 1.2380. Technically speaking, and by looking at the 60-minute chart, we find the simple moving averages continue to pressure the price from the top and support …

Oil, Crude, trading

Oil, Crude, trading

Gold traded stabilized within sideways trades that tend to rise, confined from the bottom above the support level 1771 and from the top below the pivotal resistance published during the previous analysis, 1783. Technically speaking, the price is based above the 50-day moving average, which meets near the support level …

The euro provided calm trading that tended to be positive against the US dollar within the expected bullish path mentioned in the previous analysis, gradually approaching the awaited target of 1.2130, recording its highest level at 1.2117. Technically speaking today, the 50-day moving average is still holding the price from …