Technical Analysis

The Dow Jones Industrial Average found a strong resistance level near 31,500, seeing the current moves of the index a slight bearish slope. On the technical side today, we tend to be negative, but cautiously depending on trading stability below the aforementioned level, in addition to the negative signs that …

We committed to the intraday neutrality during the previous analysis, indicating that we are waiting for confirmation of the pair’s breach of the resistance level of 147.30, in order to open the way directly to target 148.00, to settle for recording the highest of 147.80. On the technical side, the …

The technical outlook remains unchanged, and the pair’s movements have not changed significantly, maintaining the positive stability within the context of an upward correction. Technically speaking, we find the price is stable above the previously breached resistance level, which has now converted to the support level of 1.2660, and we …

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in touching the official target station of the current wave of decline at 1765, recording its lowest price during the early trading of the current session at 1760. Technically speaking, with gold continuing to get negative pressure from the simple moving averages, coinciding with the negative signs …

The Euro found a solid support floor near the last official target to be achieved, located at 1.2020, which push it to bounce back up to restore the resistance level mentioned in the previous analysis at 1.2090. Technically speaking, and by looking at the 240-minute chart, we find the pair …

Bitcoin continues to achieve record levels, hitting 52,518 in a series of successive gains, as risk appetite in the markets improves. On the technical side today, we tend to be negative in our trades, but cautiously given the high level of risks, relying on intraday trading below 52,500 accompanied by …

The German DAX index declined significantly. surpassing the official target required to be achieved during the previous analysis at a price of 13,955, recording the lowest 13,874. Technically, we tend to be negative in our trades, but cautiously, depending on trading stability below the previously broken support-into-resistance at 13,990, accompanied …

Mixed trades dominated the movements of the Dow Jones Industrial Average during the last session’s trading. We indicated that the breach of the 31,550 minor resistance level will immediately stop the expected scenario and restore the index to recover again to complete the official bullish path with a target of …