Technical Analysis

The single European currency provides some temporary bullish bias after several consecutive falls against the US dollar, reaching its lowest levels around 1.1265. Technically, and by looking at the 4-hour chart, we notice the negative pressure coming from the 50-day moving average, which meets near the resistance level of 1.1440, …

As expected, the German DAX index jumped to announce strong gains, touching the official station required during the previous analysis, at 16,240, recording its highest level at 16,260. Technically, today, we are inclined to the positivity, relying on the stability of the index’s price above the support level of 16,160, …

Oil, Crude, trading

The British pound jumped against the Japanese yen, achieving notable gains, as we expected, touching the required target at 154.00, to record its highest level at 154.32. Today, we tend to the positivity, relying on the pair’s success in building a base at the support level of 153.50, which is …

The Canadian dollar managed to work within the bullish technical correction referred to during this week’s reports, touching the first target of the last report at 1.2570, recording the highest level at 1.2586. Technically, the pair is now hovering around a strong resistance level of 1.2590 represented by the 38.20% …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the extended target, as we mentioned yesterday. We relied on confirming the breach of the main resistance level 1867, explaining that ​​it enhances the gains to visit 1877, recording its highest level at 1877. Technically, Strong supply areas at the resistance represented by the target …

The losses of the European single currency extended against the US dollar, as we expected, bypassing the second official leg of the current downside wave represented by our target 1.1300, recording its lowest level at 1.1263 during today’s Asian session. Technically, and by looking at the chart, we notice the …

The German DAX index returned some noticeable gains, canceling the expected bearish scenario during the previous report, recording its highest level at 16,144. Technically, today we tend to be cautiously optimistic, relying on the price moving above the 50-day moving average, coinciding with the attempts of stochastic to obtain more …