Technical Analysis

Negative trading was dominated by the pound’s movement against its Japanese counterpart, after finding a strong resistance level near 152.50. On the technical side, today, we await the occurrence of a bearish tendency during the coming hours, depending on the clear negativity features on the stochastic indicator, in addition to …

The Canadian dollar found a solid support floor around the psychological barrier support level of 1.2400, to return to the bullish rebound, recording its highest price at 1.2527. Technically speaking, and with a closer look at the chart, we find the pair managed in breaching the resistance level for the …

Oil, Crude, trading

Oil, Crude, trading

Mixed trades dominated the movements of the yellow metal within a stable random context from above below the resistance at 1755 and from below above the support at at 1720. On the technical side today, we find the 50-day moving average pressuring the price from the top, in addition to …

Negative trading dominated the movements of the euro against the US dollar during the previous trading session, after finding a strong resistance level near 1.1970. Technically speaking today, and by looking at the 4-hour chart, we find the 50-day moving average that supports the idea of ​​a further decline, in …

The German DAX index maintains positive stability, recording its highest level during early trading for the current session 14,561. Technically, we tend to be positive in our trades depending on the positive motive coming from the 50-day moving average, in addition to trading stability above the support level of 14,480 …

The Dow Jones Industrial Average on Wall Street jumped within the expected upward trend during the previous analysis, touching the first target to be achieved at 32,680, heading towards the official target station of 32,820, recording a high of 32,840. On the technical side, today, we hold onto our positive …

The pound maintained positive stability against its Japanese counterpart, after finding a good support floor near the level of 151.20. On the technical side today, and with a closer look at the chart, we find the 50-day moving average is still providing a positive motive, accompanied by the stability of …

The Canadian dollar incurred noticeable losses within the expected downside path, touching the first official leg targeted during the last analysis, at a price of 1.2460, recording its lowest level at 1.2455. Technically speaking, and with a closer look at the 4-hour interval, and with the continued negative pressure coming …