The single European currency managed to post good gains last week, building on a support level of 1.1200, which forced it to rebound within a limited upward slope to retest the 1.1330 resistance level. Technically, and by looking at the 4-hour chart, the stochastic is now moving around the overbought …
Read More »Dax is Awaiting Confirmation
Positive trades dominate the movements of the German DAX, benefiting from the intraday stability above the 15,860 support level. The technical aspect indicates the possibility of a bearish bias in the coming hours, based on the beginning of negative features on stochastic and its gradual loss of bullish momentum, in …
Read More »Dow Jones Starts The Session on Negative Side
Oil, Crude, trading
Read More »GBP/JPY: Below Support
Negative trading returned to dominate the movements of the pound sterling against its Japanese counterpart after several consecutive sessions of a slight incline, recording the highest price of 154.06. Technically, the pair failed to maintain trading above the previously broken support level located at 153.60/153.40, as we find the negative …
Read More »The Canadian Dollar Around Targets
The Canadian dollar successfully retested the 1.2640 support level, which maintained the positive stability of the pair once again to start its daily trading on an upward slope within the attempts to attack the resistance level 1.2730. From the technical analysis point of view, and carefully looking at the 4-hour …
Read More »The Sterling Breaks Support
Oil, Crude, trading
Read More »Oil is Back to Bearish Trend
Oil, Crude, trading
Read More »Gold is re-testing The Resistance
Gold prices opened the early trading of the current session with an upward bias, building on the support level 1778 to retest the key resistance level 1799. Technically, we notice that the 14-day momentum indicator shows positive signs on the short intervals. Still, negative features started to appear on Stochastic …
Read More »The Euro Continues to Decline Against USD
The negative movements still dominate the euro against the US dollar within a bearish trend towards the price target required to be achieved at 1.1200, recording its lowest level at 1.1186. Technically, the momentum indicator still provides negative signals on the short intervals accompanied by the clear negative pressure on …
Read More »Dax Makes Repeated Attempts to Rise
The German DAX index declined within the bearish context mentioned in the last analysis, heading to visit the official target of 15,960, recording its lowest level at 15,860. Technically, the index returned to the bullish bounce, building on a strong support floor of 15,860, accompanied by the positive motive for …
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