Technical Analysis

Positive trades dominated the gold price movements during the previous trading session, within a limited upward bias to retest the 1790 resistance level. On the technical side today, looking at the 60-minute chart, we find that the RSI is trying to get positive signs to get bullish momentum. On the …

Positive attempts by the euro against the US dollar, but still limited positivity, within the euro’s attempts to restore the bullish path temporarily, benefiting from the consolidation at the 1.1880 support level. Technically, and by looking at the 60-minute chart, we find the 50-day moving average trying to push the …

The Dow Jones Industrial Average incurred noticeable losses, negates the bullish corrective path as we expected, touching the stop losses order published in the previous analysis at 33,650. On the technical side, we tend to negativity, based on the stability of the RSI below its mid-line 50, coinciding with the …

Negative trading dominated the pound sterling against the Japanese yen, as we expected touching the second target to be achieved during the last report, located at 151.90, recording the lowest price of 151.97. On the technical side, today we are inclined in our trading to the negative, relying on the …

A noticeable bullish push for the Canadian dollar achieved strong gains within the bullish corrective slope, as we expected during the previous analysis, touching the required official target of 1.2465, recording the highest price at 1.3481. Technically, the bullish trend is still a valid scenario, with the pair’s success in …

Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis, explaining that resuming the decline requires stability below 1800, in addition to confirming the break of 1768, so that gold managed to approach the desired target 1759, recording its lowest level at 1760. Today’s technical outlook indicates the possibility of continuing …

The bearish wave is still dominating the euro against the US dollar after slight positive movements through which the pair returned the previously broken support level 1.1880/1.1890. Technically, the bearish trend is still a valid and effective scenario, as a result of the pair continuing to obtain negative pressure coming …

The current movements of the German DAX indicators are witnessing a bullish bias, benefiting from building at the 15,650 support level. We tend to the negative in our intraday trading, but with caution, relying on the clear negative signs on stochastic and gradually losing the bullish momentum. Therefore, the bearish …