Daily Technical Analysis

The yellow metal suffered strong losses during the last trading session within the expected bearish path, touching the first official leg of the current downward wave referred to over several reports in a row located at 1845, to extend its losses during the morning trading of the current session 1821. …

the EUR / USD pair approached the first target to be achieved at 1.1920, its highest level during the previous session’s trading at 1.1906 and traded on a positive note. Technically, the pair found a solid support ground around the psychological barrier of 1.1800 and ended above the aforementioned level, …

German DAX maintains the bullish bias. Technically, we tend to maintain the negative outlook, provided that 13170 is confirmed, which enhances the chances of a rise towards 13220 as a first target, followed by 13290, based on the index’s success in building on the support floor of 13045/13040 with the …

Negative moves dominated the Dow Jones last week, approaching the target of retesting 29110, to hit a low of 29170. Technically, looking at the 60-minute chart, we find that the RSI continues to provide negative signals with the intraday trading stable below 29445/29440. From here, we will maintain negative expectations …

The technical outlook remains unchanged on the pair’s movements, to maintain the bullish path as we expected during the last trading sessions last week, shy of the first target 138.45, posting high at 138.31. Technically, the current moves are witnessing an intraday stability above the breached resistance level of 137.60, …

The Canadian dollar maintains its negativity after it encountered a strong resistance level near the psychological barrier of 1.3100, to return to stability once again, intraday below 1.3085. Technically, we tend to be negative depending on the regularity of the movement within the descending price channel, in addition to the …

The British Pound opened its first weekly trading with a bullish tendency within the upside as we expected, touching our first target 1.3310, posting high at 1.3327. Technically, we tend to be positive, depending on the pair’s stability above the 1.3270 resistance level, which has now turned into a support …

Oil, Crude, trading

The current moves of the yellow metal are seeing a negative tilted sideways range from the bottom above 1860 and the top below 1882. Technically speaking, and by looking at the chart, we found a contradiction between the negativity of the stochastic indicator on the 4-hour interval and the positive …

The Euro succeeded in establishing a decent support floor near 1.1820, as the pair successfully returned the aforementioned support level, ending the week above 1.1820. Technically, and with a closer look at the 60-minute chart, we find that the simple moving averages are still holding the price from below and …