Technical Analysis

Negative movements dominate the pound’s movements against its Japanese counterpart within the expected bearish path towards our targets. On the technical side, we are inclined in our trading to the negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, which continues the negative pressure …

The technical outlook is unchanged, and the movements of the Canadian dollar did not change significantly, trying to maintain the bullish corrective path, stable intraday above 1.2400, and in general above 1.2370, the 61.80% Fibonacci correction as shown on the chart. Technically, the stochastic is trading with negativity, and the …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged, and there was little change in the yellow metal after it succeeded in stabilizing above the psychological barrier of 1800 within an ascending path, approaching a few points from the target published in the previous analysis at the price of 1830, recording its highest level …

The single European currency started its first weekly trading within a slight bullish slope within attempts to recover. However, it is still limited, building on the 1.1520 support floor, trying to retest 1.1610/1.1600. Technically, by looking at the chart, we notice the price’s attempts to move above the 50-day moving …

A noticeable rise for the German DAX index, touching the first target at 16,020, to record its highest level at 16,053. On the technical side, the daily trend is still bullish due to the stability of the intraday trading above the support level 15,790/15,780 and the positive signals from the …

Oil, Crude, trading

Negative trades dominated GBP/JPY, touching the first target mentioned in the last analysis at 152.80. On the technical side, we are inclined in our trading to the negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, which continues the negative pressure on the price …

The resistance levels published during the previous analysis, at 1.2480, were able to limit the bullish correction tendency referred to during the last analysis, touch the target level, and start trading negatively again. From the angle of technical analysis today, stochastic is trading with negativity. The stability of the intraday …