Daily Technical Analysis

Oil, Crude, trading

Positive attempts in yellow metal to reduce its recent losses within a limited upward tendency aimed at re-testing the 1890 resistance level. Technically, by looking at 60-minute chart, we find that the stability of the intraday trading below 1890 constitutes a negative pressure on the price, as we find the …

The support levels published during the previous analysis, located at 1.1775, were able to limit the slight bearish tendency within the scenario of retesting the support as we expected. Technically, with the pair’s consolidating above the mentioned support, in addition to the positive stimulus from the simple moving averages that …

The German DAX jumped above the required targets at 12720, to hit a high of 13287. Technically, the bullish trend is still intact, given that trading remains stable above the resistance converted into support at 12720, with the index continuing to get positive motive from the 50-day moving average. We …

The Dow Jones Industrial Average jumped to continue achieving the bullish targets, touching the third official leg mentioned in the previous analysis at 28460, recording a peak at 28619. Technically, looking at the 60-minute chart, we find that the moving averages continue to hold the price with the stochastic around …

The British Pound jumped against its Japanese counterpart, surpassing the bullish targets required to be touched, mentioned in the previous analysis, 137.20, to touch a peak at 138.90. Technically, looking at 240-minutes charts, we find that the pair is stable above 138.0 with the positive stimulus of the 50-day moving …

The negative moves dominated the currency pair, as we expected yesterday, to touch the second target to be achieved at 1.2945, posting a low of 1.2928. Technically, looking at the 60-minute chart, we find limited positive attempts from the RSI, on the other hand, we find the stochastic is still …

The sterling made positive attempts against the dollar yesterday and started attacking the psychological barrier resistance 1.3200, but was unable to breach it yet. Technically, looking at the 4-hour chart, we find that negative signs are emerging on the stochastic indicator, with the 50-day moving average still holding the price. …

Oil, Crude, trading

The yellow metal prices incurred huge losses, declining to lose $ 115, recording its lowest level at 1850. Technically, we find that the price is stable below the previously broken pivot support-into-resistance 1901, 61.80% Fib retracement, and the SMA 50 is pressing the price from the top. Therefore, we believe …