Technical Analysis

The strong resistance levels published during the previous analysis, located at 1856, were able to limit the upward slope in the middle of European trading, which forced gold to retreat targeting a retest of 1832, so gold collides again with the support level of 1838, to push it into a …

Mixed trades dominated the euro’s movements against the US dollar during the previous trading session, as the euro’s movements witnessed a negative sideways tendency confined from the bottom above 1.2075 and from the top below 1.2175. On the technical side today, and by looking at the 4-hour chart, we find …

Bitcoin traded negatively during the previous trading session, recording its lowest level during early trading for the current session 35,109. We tend to be negative in our trades depending on the negative pressure of the 50-day moving average in addition to trading stability below 35,400. With the confirmation of breaking …

The German DAX index was able to trade positively within the expected bullish range, touching our awaited target at 13,950, to hit a high of 13,942. Technically, with trading remaining above the support level 13,770, accompanied by the index getting a positive motive from the 50-day simple moving average. Consequently, …

The Dow Jones Industrial Average succeeded in achieving the positive outlook, as we expected, touching the first target to be achieved yesterday, located at 30,970, to record a high of 30,980. On the technical side, with stochastic remaining close to overbought areas, in addition to the RSI indicator continuing to …

The pound’s movements against the Japanese yen witnessed a bullish tendency within the positive context, as we expected, benefiting from building on the support floor of 141.20. On the technical side today, we tend to be positive in our trading, depending on the pair’s stability above the aforementioned support, which …

The Canadian dollar failed to hold above 1.2800 for several sessions in a row, as the current moves see a re-test of the 1.2700 psychological barrier support. From the angle of technical analysis, we find that the simple moving averages began to pressure the price from the top, and we …

Oil, Crude, trading

Oil, Crude, trading

Positive trades dominated the gold price movements during the morning session of the current session, recording its highest level at 1850. On the technical side, and by looking at the 240-minute chart, we find gold is stable above the support level of 1838 represented by the 38.20% Fibonacci correction accompanied …