Daily Technical Analysis

Negative trades dominate the movements of German Dax, where it found a strong resistance level near 13,320. Technically speaking, by looking at the 60-minute chart, we find the RSI indicator began to gradually lose the bullish momentum accompanied by the stability of trading below 13,280. Consequently, we may witness a …

Positive trading dominated the moves of the Dow Jones Industrial Average within the expected upward path, surpassing the second target required to be achieved at 30,050, posting a high of 30,089. Technically, The index continues to obtain a positive stimulus from the 50-day moving average, in addition to stochastic around …

The GBP/JPY failed to stabilize for a long time above the 140.30 resistance level, which is a temporary obstacle preventing the pair from continuing the rally. Technically speaking, the current movements are witnessing a bearish bias due to stability below the aforementioned level, and we see negative signs appearing on …

Negative trading continues to control the Canadian dollar’s ​​movements, after several consecutive sessions in which we await confirmation of a break of 1.2920, showing that this leads the pair to resume the downside path with targets of 1.2870, then 1.2830, to record its lowest level at 1.2847. Technically, and with …

The British pound succeeded in achieving the expected positive outlook Mentioned in the previous analysis, touching the goal of 1.3500, posting a high of 1.3500. On the technical side, and with trading above the pivot support level, which represents the key to protecting the upside move at 1.3220, in addition …

Oil, Crude, trading

Positive attempts to gold prices succeeded in achieving the bullish correction scenario within the bearish trend heading for re-test the pivotal resistance level located at 1837, posting high at 1844. Technically speaking, by looking at 4-hour chart, we see gold has succeeded in stabilizing intraday above the level of 1826, …

The euro continues to maintain its gains against the US dollar over several sessions in a row, heading to visit the first goal to be achieved during the previous session at 1.2150, and approaching a few points difference from the second target of 1.2180, to record a high of 1.2175. …

The movements of the German DAX index witnessed a slight bearish bias during the previous trading session, finding a good support floor around 13,250. Technically, the simple moving averages are still trying to push the price higher on the 4-hour time frame with positive signals from RSI on the short …

The Dow Jones Industrial Average maintains the gradual upward trend, approaching the first target mentioned in the previous report, located at 29,960, recording its highest levels at 29,937. On the technical side, with the index consolidating above the 29,730/29,710 support floor, accompanied by positive signs of RSI. Therefore, we maintain …