Technical Analysis

The current movements of the German DAX index are witnessing a slightly bullish bias, benefiting intraday from building on the support level of 13,350. On the technical side, the 50-day moving average is trying to push the price to the upside. Nevertheless, we tend to be negative, depending on the …

Negative trading dominated the movements of the Dow Jones Industrial Average, with the conclusion of last week’s trading, touching our first awaited target, located at 29,950, recording the lowest price of 29,752. Technically, we tend to be negative in our trading, relying on trading stability below the previously broken support, …

The pound sterling achieved a noticeable rise against its Japanese counterpart within the expected bullish path mentioned in the previous analysis, touching the official target 143.20, to record its highest level at the beginning of the weekly trading at 143.95. On the technical side, today, we find the pair succeeded …

The Canadian dollar succeeded in touching the target of the upside correction mentioned in the previous analysis, located at 1.2880, to record it’s high at 1.2875. Technically speaking, we find that the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices started their first weekly trading on a slight upward bias, benefiting from building on the ground of the support 1851, which is near its highest level during the early trading of the current session around 1861. On the technical side, today the 50 day moving average …

Narrow range sideways trades dominate the movements of the euro against the US dollar, capped from the bottom above the minor support level of 1.2100 and from the top below the resistance level at 1.2170. Technically, and with a closer look at the 240-minute chart, we find the pair is …

Negative trading dominated Bitcoin within the expected bearish path during the previous report touching the required target located at the price of 31,130. The daily trend is still a bearish trend, but on short time frames, we notice attempts by Stochastic to erase the negativity temporarily. We may witness a …

The German DAX index suffered heavy losses during the previous session, after confirming the breach of the strong support level at 13,800. On the technical side, the negative pressure coming from the 50-day moving average is accompanied by the stability of the RSI indicator below the middle line. This increases …