Technical Analysis

The British pound jumped against the Japanese yen as we expected during the previous analysis, touching the official target station at 152.60, to hit a high of 154.01. On the technical side today, with the pair succeeding in surpassing the resistance level 153.30 and the most important 152.80, which has …

We committed to the intraday neutrality during the previous analysis, indicating that the confirmation of a break of 1.2100/1.2090, with a clear breakout confirmation candle, extends the pair’s losses to visit 1.2065, to record its lowest level at 1.2075. Technically, and with a closer look at the 60-minute chart, we …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated gold prices in the context of the re-test published during the previous analysis, after it found it difficult to breach the resistance level of 1843, to record its lowest level at 1831. On the technical side today, and with a closer look at the 60-minute chart, we …

Quiet trading dominated the euro against the US dollar after a session of achieving strong gains, in which the euro touched 1.2170. Technically, we find that the Euro started moving within the bearish corrective bias mentioned in the previous analysis. The 1.2170 resistance level represented by the 23.60% Fibonacci retracement …

Bitcoin prices continue to achieve gains, recording their highest level during the previous trading session 58,550. On the technical side today, with the moving averages continuing to provide a positive incentive, in addition to the stability of intraday trading above the support level 55,630 and in general above 55,220. A …

The German DAX index managed to achieve noticeable gains during the previous session’s trading within a bullish path, as we expected, touching the first target published in the previous analysis, 15,400, recording a high of 15,420. Technically, we are inclined to the positive, with the index based on the support …

The Dow Jones Industrial Average jumped to achieve record gains within the expected positive outlook, in which we targeted 34,690 levels, to record a high of 34,721. On the technical side, the RSI indicator continues to defend the upside, in addition to stochastic concentrating around overbought areas. With the stability …

The pound against the Japanese yen provided positive trading, attacking the psychological barrier resistance of 152.00, benefiting from stability above the support level of 151.40. On the technical side, today we tend to be positive, depending on the stability of trading above the aforementioned support, in addition to the pair …