Daily Technical Analysis

The German DAX index witnessed huge losses, exceeding the required targets during the previous analysis located at 11790/11800, to hit a low of 11440. Technically, the daily trend is still bearish, but by looking closely at the 60-minute chart, we see that the positive signs have begun to appear on …

The Dow Jones Industrial Average witnessed strong losses within the bearish trend that we expected, touching the third target published in the previous analysis at 26850, posting a low at 26388. Technically, we tend to be negative, given the negative pressure coming from the simple moving averages, in addition consolidating …

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 …