Daily Technical Analysis

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 …

Oil, Crude, trading

We committed to the intraday neutrality during the previous report due to the conflicting technical signals, explaining that the activation of short positions depends on a clear break of the 1890 support level, which puts the price under strong negative pressure to resume the bearish path with an initial target …

The euro continues trading within an upward path, maintaining positive stability above 1.1800, a few points shy from the target of 1.1880, to hit a high of 1.1870. Technically, with the pair succeeding in retesting 1.1800, in addition to the positive stimulus of the 50-day moving average. This encourages us …

The German DAX index continues achieving gains within the expected bullish path, touching the first target mentioned in the previous analysis at 13140, posting high at 13132. Technically, we tend to be positive, depending on the price building on the pivotal support floor 12920, targeting 13230 as a first target, …

The Dow Jones Industrial Average opened its first weekly trading on the upside, posting its highest level during the morning session at 29720. Technically, looking at the 60-minute chart, we find the RSI continues to defend the bullish bias in conjunction with the positive signals of the 50-day moving average. …

Positive trading returned to dominate pound’s movements against Japanese yen, benefiting from the 137.10 support floor, heading towards re-testing the 138.30 resistance level. Technically, we lean towards negativity given that trading remains above 137.60 with positive catalysis from the 50-day moving average. From here, we target 138.65 as a first …

The Canadian dollar is witnessing a slight bearish bias, which is normal after several consecutive sessions of rally, in addition to facing resistance 1.3175 / 1.3170. Technically, we tend to be negative, given the consolidation of trading below the aforementioned level, in addition to some negativity that began to appear …