Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred heavy losses during the previous trading session within the expected bearish path mentioned in daily analysis, touching the third official leg 1800, recording the lowest price of 1785. On the technical side today, and with a closer look at the 240-minute chart, we find the 50-day simple …

The euro declined significantly against the US dollar, continuing the downward correction as we expected during the previous analysis, touching the official target to be achieved at 1.1970, to record its lowest level during the Asian session for the current session at 1.1952. Technically speaking, and with the pair’s failure …

Bitcoin succeeded in achieving the positive outlook, as we expected, surpassing the target required to be achieved at 37810, recording its highest price of 38,346. Today, trading remains above the support level of 37,210 accompanied by the positive motivation of the 50-day moving average. It increases the probability of continuing …

The current movements of the German DAX index are witnessing a bullish tendency after finding a good support floor near 13,800. On the technical side today, and with the index continuing to get a positive stimulus from the 50-day moving average, in addition to the positive signs coming from the …

The Dow Jones Industrial Average traded positively on Wall Street during the previous trading session, recording its high at 30,710. On the technical side, today we find the index succeeded in building a base on support floor 30,410 and the most important 30,380, and we find the RSI indicator providing …

Negative trading is dominating the movements of the pound sterling against its Japanese counterpart within the expected bearish path, approaching a few points difference from the published target of 142.80, recording the lowest price of 142.95. On the technical side, the pair started its daily trading by pressing the support …

The Canadian dollar managed to retest the support level 1.2760, to start its daily trading positively again. Technically, we find the pair maintains positive stability above the support floor of 1.2760 supported by the stochastic obtaining signs of a positive crossover, coinciding with the current attempts of the RSI to …

Oil, Crude, trading