Technical Analysis

The movements of the euro against the US dollar witnessed a slight bullish tendency during the previous trading session within a rise to the upside, benefiting from building on the support level of 1.2065. Technically, and with a closer look at the 60-minute chart, we find the 50-day moving average …

Bitcoin was able to confirm the breach of the resistance level at 35,560. To remind us, we indicated during the previous analysis that a catalyst breach it strengthens the chances of a rally towards 35,850. To record its highest level at 36,624. In our trading, we tend to be negative, …

The German DAX opened its daily trading with a bullish bias after finding a solid support floor around 13670. Technically speaking, with trading remaining above 13760, accompanied by the positive motive of the 50-day simple moving average. The bullish bias is likely today targeting 13,890/13,895 the first target, bearing in …

The Dow Jones industrial average started trading today with a slightly bullish bias after it managed to build a base on the support floor 30,730/30,720. On the technical side, today we are biased towards the positive, but cautiously, depending on the positive signals coming from the RSI. Therefore, with the …

Positive trades dominated the movements of the pound sterling against the Japanese yen, as the current trading witnessed stability near the highest level of at 141.55. On the technical side, we tend to be positive, relying on the positive motive of the 50-day moving average, which came back to hold …

The Canadian dollar found a strong resistance level near the psychological barrier of 1.2800, which was able to limit the bullish correction mentioned in the previous analysis Technically, and despite the current bearish bias, we tend to be positive, relying on trading stability above 1.2700 / 1.2690 accompanied by stochastic …

Oil, Crude, trading

Oil, Crude, trading

Gold prices found a solid support ground near the psychological barrier of 1800, which pushed the price to bullish rebound with the aim of retesting 1840. Technically, the current trading is witnessing a slightly bullish bias, but still limited, and with a closer look at the 60-min chart, we find …

Quiet trading dominated the movements of the euro against the US dollar amid a holiday in the US markets yesterday, to hit a low of 1.2053. Technically speaking, the current trading is witnessing a slight bullish bias due to the return of the price’s stability above the support level of …