Technical Analysis

Oil, Crude, trading

Gold prices faced negative pressure as we expected during the previous analysis, touching our first target at 1765, recording the lowest price of 1763. Technically speaking, and by looking at the 60-minute chart, we find that the RSI indicator began to gradually lose the bullish momentum, accompanied by the obvious …

The European single currency managed to achieve the first bullish target published during the previous analysis, located at 1.2060, to record a high of 1.2080. On the technical side, the current movements of the pair are witnessing negative pressure due to approaching the resistance of the psychological barrier of 1.2100. …

The German DAX Index approached the first target at 15,530, to settle for recording a high of 15,513. On the technical side, the index found a strong resistance level around 15,500 under pressure from the negative signs of the RSI on short time frames, coinciding with the negative signs coming …

Negative trades dominated the Dow Jones Industrial Average on Wall Street during the previous trading session, to settle for recording its highest level around the 34,050 resistance level. On the technical side, today we find negative signs appearing on Stochastic, accompanied by negative signs coming from the RSI. From here, …

Positive trades dominated the moves of the pound sterling against its Japanese counterpart, touching the second target to be achieved during the previous analysis of 151.00 touching a high of 151.21. On the technical side today, the pair builds above 150.80 and generally above 150.30 supports the continuation of the …

We committed to intraday neutrality during the previous analysis due to the contradictory technical signals, and the Canadian dollar is still building on the support floor of 1.2470. Technically speaking, we tend to be positive, depending on the attempts of Stochastic to obtain additional momentum, in addition to the intraday …

Oil, Crude, trading

Oil, Crude, trading

Gold prices were able to continue achieving gains, as we expected during the previous trading session, approaching a few points difference from the first official leg located at 1794, to record its highest level of 1790. Technically, and with a closer look at the 60-minute chart, we find that the …