Technical Analysis

Positive trading dominated the euro against the US dollar so that the pair could touch the official target station during the previous analysis at 1.1975, recording a high of 1.1987. Technically, we find the current moves are witnessing stability above the psychological barrier of 1.1900, and we find the 50-day …

The German DAX index succeeded in touching the first official target station at the price of 15,310, recording its highest level during the previous trading session at 15,298. On the technical side, with the index continuing to trade above the support level of 15,210/15,200, which is dotted with the continuous …

The Dow Jones Industrial Average touched our first target required to be achieved during the previous trading session, located at 33,680, approaching a few points difference from the second target 33,740, recording the highest of 33,720. On the technical side, the RSI indicator is trying to hold onto the bullish …

The pound’s moves against the Japanese yen are witnessing a downward tendency to gradually approach the first target required to be touched during the previous analysis, 149.40, to settle for recording a low of 149.65. On the technical side, today, we tend to be negative, citing the continuation of stochastic …

The Canadian dollar succeeded in touching the first target required to be achieved during the previous analysis, located at 1.3600, recording its highest level during the previous trading session at 1.2630. Technically speaking, the pair hit a strong resistance level at 1.2630, retreating significantly to retest 1.2530. With a closer …

Oil, Crude, trading

Oil, Crude, trading

Gold prices found a solid support floor around 1723, which forced the price to rally up again to retest the 1747 resistance level. On the technical side today, and by looking at the 4-hour chart, we find gold succeeded in stabilizing intraday above 1736, and we see the 50-day moving …

We committed ourselves to the intraday neutrality during the previous analysis, indicating that we are waiting to confirm the breach of the resistance level of 1.1885, and then 1.1925 to enhance the chances of an advance towards 1.1975, to record the highest level during the previous session at 1.1955. Technically, …

The gradual rise of the German DAX index after finding a strong support floor around 15,200. Technically, with the intraday trading remaining above the 15,160 support level accompanied by the positive stimulus of the 50-day moving average, in addition to the positive signs of the RSI on short time frames. …