Technical Analysis

The technical outlook remains unchanged, and the pound’s moves against the Japanese yen have not changed little, preserving the positive stability above 144.00. On the technical side, today we find the pair is stable above the 50-day moving average, which meets around the support level of 143.90 and adds more …

The Canadian dollar retreated, achieving the negative outlook, as we expected, in which we relied on the bearish technical structure mentioned during the previous analysis, touching our required target of 1.2710. Technically, the negative pressure from the 50-day moving average supports the continuation of the downside, in addition to trading …

Oil, Crude, trading

Oil, Crude, trading

Gold prices rose significantly to compensate part of the losses last week, touching the stop-loss order published in the previous analysis at 1820, we have indicated that any attempts to breach 1820 are able to postpone the bearish trend and lead the price to an upward path, its initial target …

We committed to the intraday neutrality in the previous analysis due to the conflicting technical signals, indicating that the 1.2065 level from the top and the 1.1975 level are the directional keys for the current week’s trading. On the technical side, we find the euro is starting positively, trying to …

Bitcoin started its daily trading at noticeable heights, as the current moves witnessed stability around the highest level at 39,170. Technically, we tend to be positive, relying on the return of the price stability above the 50-day moving average that meets around 38,630. Therefore, we target 39,315 as a first …

The German DAX index succeeded in achieving the positive outlook, as we expected at the end of last week’s trading, touching our awaited target of 14,110, recording its highest price of 14,103. On the technical side, with the index succeeding in breaching the 14,000 psychological barrier resistance level, which has …

The Dow Jones Industrial Average continued to score bullish goals, touching the first peak mentioned in the previous analysis at 31,170, to record its highest levels of 13,189. Technically, with the RSI still defending the bullish trend, in addition to stochastic remaining around overbought areas. This increases the chances of …

The pound sterling, against its Japanese counterpart, was able to touch our first desired target mentioned in the previous technical analysis, located at 145.00, to hit a high of 144.95. On the technical side, we find the pair stable above the 50-day moving average, which meets around the support level …