Daily Technical Analysis

Negative trading dominated the pound’s movements against its Japanese counterpart, as we expected, surpassing the second target to be achieved at 135.40, posting a low of 134.87. Technically, the current moves are witnessing a slight upward slope, as the pair benefits from building temporarily above 135.50 in addition to the …

The pair succeeded in achieving the expected positive outlook, and touched the target published in the previous analysis at 1.3300, to hit a high of 1.3335. Technically, looking at the 60-minute chart, we see the RSI indicator starting to lose bullish momentum with the stochastic entering overbought areas. We think …

The sterling reversed the expected bullish path in the previous analysis, in which we relied on the pair’s attempts to consolidate above 1.3000, we made it clear that trading below the psychological barrier of 1.3000 will stop any attempts to rise and put the price under new negative pressure, its …

Oil, Crude, trading

The yellow metal remained negatively trading in the previous trading session within the expected bearish path, touching the bearish targets published in the previous analysis at 1885, recording a low at 1869. Technically, gold has succeeded in confirming a break of the pivotal support turned into resistance at 1901, Fibonacci …

The single currency fell significantly during the previous session, as we expected yesterday to touch the target at 1.1720, posting a low of 1.1717. Technically, looking at the 4-hour chart, we find that the SMA-50 continues to exert negative pressure on the price, while we find that the pair found …

The German DAX was able to touch the required levels mentioned in the previous analysis at 12030, posting a low of 11980. Technically, the price was consolidating below the previously broken support level turned into resistance at 12180, in addition to the continuous pressure from the 50-day moving average. This …

The Dow Jones Industrial Average declined significantly, and we indicated in the previous analysis that trading below 27500 will negate any intraday attempts to rise and push the index towards the downside towards 27265, posting a low at 27175. Technically, we see a consolidation below the support-into-resistance at 27460 with …

The pound retreated against the yen during the previous session, after finding a strong resistance level around 136.60. On the technical side, the pair started its early trading with a bearish tendency, as the current moves see stability below 136.45, accompanied by upcoming negative crossover signals on the stochastic indicator. …

The support levels published in the previous analysis at 1.31 capped the bearish tendency, so that the pair managed in retesting the first target. Technically speaking, the current moves are witnessing a bullish slope with the positivity from Stochastic and the RSI indicator stable above the mid-line for short time …