Technical Analysis

Positive moves continue to dominate the Dow Jones Industrial Average, as we expected touching the first target to be achieved during the previous analysis, located at 31,350, recording its highest level at 31,382. On the technical side, today, with the index resting above the support floor of 31,210, accompanied by …

The British pound was able to successfully retest the support level published during the previous analysis, located at 143.90, to record its lowest level during the previous trading session at 144.00, to return to the upside rebound. The technical aspect today indicates the possibility of continuing the rally with the …

The technical outlook remains unchanged, and the pair’s movements have not changed significantly, maintaining the expected bearish bias. Technically speaking, the negative pressure from the 50-day moving average supports the continuation of the decline, in addition to trading stability below the extended resistance level of 1.2765 / 1.2780. Therefore, our …

Oil, Crude, trading

Oil, Crude, trading

Gold prices witnessed a gradual rise to the upside after it succeeded in confirming the breach of the strong resistance at 1820, which is close to our awaited target of 1551, to settle for recording its highest level during the last session of 1848. Technically speaking, we find gold is …

Positive trades dominated the euro’s movements against the US dollar after it succeeded in breaching the resistance level at 1.2065, and then 1.2090, to hit its highest level during the previous session’s trading at 1.2130. On the technical side today, and by looking at the 240-minute chart, we find the …

Bitcoin prices jumped to achieve strong gains, surpassing all our targets, to reach the last target at 39,540, to reach its highest level at 47,325. The daily trend is tilted to the upside, but with a closer look at the short time frames, we find the signs of overbought clearly …

The German DAX continues to achieve the required bullish targets, maintaining the positive stability, touching our official awaited target during the previous analysis located at 14,160. The technical side indicates the possibility of extending the gains. With a closer look at the chart, we find the simple moving averages continue …

The Dow Jones Industrial Average managed to maintain the bullish path as they expected, touching the first target to be achieved during the previous analysis, located at 31,245, and approaching a few points difference from the second target 31,325, recording its highest price of 31,306. The technical side today indicates …