Technical Analysis

Positive trading regained control of the movements of the German DAX index after finding solid support floor around 14,960. Technically, we tend to be positive in our trades on short intervals, relying on the intraday trading above 15,110 accompanied by the positive crossover of the stochastic indicator. Therefore, we target …

The Dow Jones Industrial Average traded positively during the previous trading session, benefiting from the return of the price base above the support level of 34,050, and in general above 33,950. On the technical side today, and with a closer look at the 60-minute chart , the bullish scenario is …

The pound’s current moves against the Japanese yen are seeing a slight bearish bias after finding a strong resistance level around 152.00. On the technical side , the clear negative signs on Stochastic increase the possibility that we will witness a bearish bias in the coming hours. On short time …

Tight sideways trading is still dominating the Canadian dollar, with little change, continuing in its attempts to stabilize above the support level of 1.2260. Technically, and with a closer look at the 60-minute chart, we find the SMA 50 came back to pressure the price again and it still constitutes …

Oil, Crude, trading

Oil, Crude, trading

The sideways trading is still dominating gold’s movements within a sideways range confined from the bottom above the support level 1770 and from below below the resistance level of 1784. On the technical side, we witnessed a successful retest of the support level of 1770, which forced the price to …

The single European currency continued its quiet trading in a bearish context, as we expected it gradually approached the first official target published during the previous analysis, 1.1975, to record its lowest price during the previous session at 1.1984. On the technical side, today we witness a stability of the …

Negative trading dominated Bitcoin’s movements, re-testing the support mentioned in the previous analysis, through which we aimed to re-test 55,800, to reach lowest level at 53,236. On the technical side, we find the stochastic indicator started losing bullish momentum, in addition to the negative pressure of the 50-day moving average. …

The German DAX index declined significantly after failing to maintain the trading level above the solid support floor 15,200, explaining that breaking the aforementioned level is able to completely thwart the bullish scenario and put the index price under negative pressure targeting 15,150, and then 15,055, to reach its lowest …