Daily Technical Analysis

Negative trading is dominating the DAX, recording the lowest price at 12701. The technicals indicate the possibility of continuing the decline, with trading remaining below the previous broken support level 12880, and most important 12920, in addition to the index continuing to receive negative pressure from its simple moving averages. …

Negative trading dominated the Dow Jones Industrial Average during the US session, recording its lowest price at 28045. Technically, we tend to be negative in intraday trading, depending on trading stability below the resistance level 28440 in addition to the clear negative signs on the RSI. Therefore, a bearish bias …

The pair of Pound against the Yen witnessed a positive slope within the bullish path, as we expected yesterday, and it begins to attack the psychological barrier of 137.00. Technically, we find that the 50-day moving average hold the price in addition to the pair building above the resistance-into-support around …

The Canadian dollar managed to achieve the expected negative outlook for the daily trend, to touch the first target mentioned in the previous analysis at 1.3090. Technically, with the confirmation of the pair breaking the 1.3150 support floor, in addition to the continuing pressure coming from the 50-day moving average. …

The technical outlook remains unchanged on the pair’s movements within attempts to obtain bullish momentum. Technically, and looking at the chart, we find that the pair failed to stabilize for a long time above the pivotal resistance of 1.3000, as the current trades witnessed stability below the aforementioned level, with …

Oil, Crude, trading

We remained neutral during the previous analysis and made it clear that we are waiting for a stronger direction to be determined after the technical signals contradicted, we have indicated that activating long positions needs a clear breakout of the 1913 resistance level. The yellow metal hit a high during …

The single European currency managed to touch the first target required to be achieved during the previous session at 1.1845, posting a high of 1.1848. Technically, we see the Euro managed to establish a solid support floor around 1.1720, a 23.60% retracement, with the 50-day moving average continuing to hold …

The German DAX managed to touch our first target at 12990, to return to trading negatively. The technical side indicates the possibility of continuing the decline, with trading remaining below the previously broken support level 12880 and the most important 12920, in addition to the index continuing to have negative …

The Dow Jones Industrial Average declined significantly during the previous session within the bearish path expected in the previous analysis, touching the first target at 28370, posting a low at 28024. Technically, we are biased towards the negativity, given that trading remains intact below the broken support-into-resistance at 28330 with …