Technical Analysis

The single European currency fell significantly at the end of last week’s trading touching support mentioned in the previous analysis in which we aimed to re-test 1.2060, indicating that breaking the aforementioned level leads the euro to extend its losses towards 1.2030, to record its lowest level at 1.2015. Technically …

Bitcoin prices fell significantly during the last session’s trading, nullifying the positive outlook, as we expected. we indicated that breaking the 53,800 support level delays the chances of an upside, and will witness a bearish bias that aims to re-test 53,280 to record its lowest level at 52,292, offsetting the …

Negative trading dominated the German DAX index, nullifying the positive outlook, as we expected, in which we relied on the stability of the index price above the pivotal support level 15,200 explaining that breaking the aforementioned level will stop the bullish trend and lead the price to visit 15,160 and …

Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous session within a bearish context to the downside, recording its lowest level at 33,627. On the technical side today, and despite the bearish bias, we find the RSI indicator still defending the upside bias, accompanied by …

Positive trading dominated the moves of the pound sterling against the Japanese yen within the bullish context, as we expected, touching the first official leg of 152.00, approaching a few points difference at the second goal of 152.60, to hit a high of 152.40. Technically, and with a closer look …

The Canadian dollar was able to touch the target to be achieved and mentioned in the previous report, located at 1.2275, recording its lowest level at 1.2275. Technically, and by looking at the 60-minute chart, we find the price is stable below the previously broken support-into-resistance level at 1.2330, accompanied …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices failed to surpass the resistance level of 1784, which we mentioned during the previous analysis that it is still holding a strong obstacle to gold, to return to present negative trading at 1755. On the technical side, the current movements of gold are witnessing a return …

Positive trades dominated the euro’s movements against the US dollar within the expected bullish path during the previous analysis, within a gradual rise towards the top, approaching the official target of 1.2170, recording its highest level during the previous session’s trading at 1.2150. Technically speaking, we are witnessing the current …