Technical Analysis

The single European currency continued to achieve gains for the third consecutive session without achieving the scenario of retesting the support published in the previous analysis to approach the required official target of 1.1880, recording its highest level at 1.1857. Technically, we believe that the continuation of the rise is …

The German DAX index managed to achieve decent gains during the previous trading session, attacking the psychological barrier of 16,000. On the technical side, today’s movements are witnessing an upward bias on positive stimulus from the 50-day moving average, in addition to the stability of trading above 15,750. Therefore, we …

Oil, Crude, trading

There was little change in GBP/JPY, maintaining the bullish bias. On the technical side, we tend to be positive but cautiously, relying on the stability of the intraday trading above the mentioned support level and the attempts of the 50-day moving average to hold the price. Therefore, the bullish bias …

The Canadian dollar successfully retests the pivotal support published in the previous analysis, at 1.2580, concluding its daily trading above the mentioned support. Technically, and by looking at the chart, we find Stochastic is trying to get rid of the current negativity, in addition to trading above 1.2580. This increases …

Oil, Crude, trading

Oil, Crude, trading

We stayed on the fence during the previous analysis due to the conflicting technical signals, clarifying that the pivotal support level 1799 represents the key to protecting the bullish trend.  Technically, the 50-day moving average is still a hurdle and holds the price from below, coinciding with the clear positive …

The single European currency continues its attempts to rise against the US dollar within the expected gradual ascent, recording its highest price during the last trading session, 1.1845. On the technical side, the current movements are witnessing a bearish slope due to the negative features that started appearing on the …

Mixed trading tends to be positive, dominating the movements of the pound sterling against the Japanese yen, within attempts to benefit from the 151.00 support level. On the technical side, we are inclined to the positive side, but cautiously, relying on the stability of the intraday trading above the mentioned …