Technical Analysis

The German DAX index jumped, achieving noticeable gains, as we expected, touching our awaited target of 14,555 to record its highest level, 14,644. On the technical side, today, we tend to the positivity, relying on the stability of trading above the support level of 14,360 and the positive stimulus coming …

Oil, Crude, trading

As we expected, a bullish corrective bias dominated the Canadian dollar’s movements yesterday, touching the corrective target at 1.2590, recording the highest price at 1.2592. Technically, we notice that the pair succeeded in building a base of 1.2480 support, located around the 50.0% Fibonacci correction, accompanied by the clear positive …

Oil, Crude, trading

Gold prices declined noticeably within the expected bearish path, touching the main target at 1925, recording its lowest level in 1917, after finding a solid level around 1960. On the technical side, today, with the return of the simple moving averages, pressure on the price from above, supporting the bearish …

The single European currency provided positive trades during the previous trading session. It approached the 1.0920 support level, recording the lowest price at 1.0940, forcing it to form a limited bullish bounce to retest the psychological resistance level 1.1000. Technically, by looking at the 4-hour chart, we notice that the …

The German DAX index witnessed positive trading last Friday, as we expected, surpassing the target to be touched at 14,430, recording the highest at 14,444. Technically, and carefully looking at the 4-hour chart, we notice the 50-day moving average that has returned to hold the price from below. We also …

Oil, Crude, trading

The Canadian dollar succeeded in touching the official price stop required during last Friday’s trading at 1.2480, recording its lowest level at 1.2465. Technically, the pair is trying to build on the 1.2480 level represented by the 50.0% Fibonacci correction, as shown on the chart. We also noticed positive crossover …

Oil, Crude, trading