Technical Analysis

Positive trading dominated the movements of the Dow Jones Industrial Average on Wall Street, surpassing the first target required to be achieved in the previous analysis, 33,615, to record a high of 33,690. Technically, Stochastic continues to be concentrated around overbought areas, coinciding with the RSI indicator continuing to defend …

The pound against the Japanese yen managed to touch the first target required to be achieved during the previous analysis, located at 149.65, to hit its lowest level at 149.60. On the technical side, we tend to be negative, relying on the confirmation of the pair breaking the support level …

The support levels published during the previous analysis, located at 1.2500, were able to limit the bearish tendency that the Canadian dollar witnessed, to start the bullish rebound once again, stabilizing above 1.2550. Technically speaking, and with a closer look at the chart at a 240-minute chart, we find that …

Oil, Crude, trading

Oil, Crude, trading

Gold prices started their first weekly session with a bearish bias, as a result of hitting the resistance level 1758, in order for the current moves to stabilize below the aforementioned level. Technically speaking, the clear signs of negativity on Stochastic support the occurrence of a bearish bias during the …

Narrow-range sideways trading took control of the euro’s movements against the US dollar, with the conclusion of last week’s trading sessions confined from the bottom above 1.1865 and the top below 1.1925. On the technical side today, and with a closer look at the 4-hour chart, we find the conflict …

The German DAX index was able to achieve the first required target located at the price of 15,260, recording a high of 15,270. Technically, with the index price consolidating above 15,160/15,150 support, which is accompanied by the positive stimulus of the 50-day moving average. This encourages us to maintain our …

The Dow Jones Industrial Average maintains positive stability touching the first target to be achieved, at 33,445, recording its highest price of 33,471. On the technical side, the RSI indicator continues to get positive signs, and this comes in conjunction with the stochastic concentration around overbought areas. From here, intraday …

The pound retreated against the Japanese yen, a noticeable decline, nullifying the positive outlook, as we expected, touching the stop-loss order published in our analysis at 150.50, and as a reminder, we have indicated that any attempts to break the aforementioned level put the price under negative pressure targeting 149.75, …