Technical Analysis

The German DAX index maintains positive stability, recording its highest level during early trading for the current session at 14,015. On the technical side today, we are biased towards the intraday positivity depending on the intraday trading stability above the support level 13,910 and generally above the pivotal support floor …

The Dow Jones Industrial Average declined significantly on Wall Street within the expected negative outlook, surpassing the target of the second downward correction at 30,775, to post low at 30,694. On the technical side today, after the index found a solid resistance level around 31,020, in addition to the clear …

Against the Japanese yen, the pound was able to touch the first target required to be achieved during the previous trading session at 142.20, recording high at of 142.25. On the technical side, intraday trading is witnessing a slight bearish tendency as a result of the collision with the psychological …

The Canadian dollar declined, cancelling the bullish correction look, as we expected, in which we relied on trading stability above the support floor of 1.2680 touching the stop-loss order at the aforementioned level, as a reminder that we also indicated that any trading below 1.2680 will stop the required upward …

Oil, Crude, trading

Oil, Crude, trading

Narrow-range sideways trading that tends to be negative dominates the yellow metal prices within a gradual decline towards the downside, approaching the target required to be achieved at 1823, to settle for the low of 1829. On the technical side, the price started its morning trading on an upward slope, …

Quiet negative trading continues to dominate the euro’s movements against the US dollar, as we expected, touching our first target to be achieved at 1.2110, recording low of 1.2110. Technically speaking, and by looking at the 60-minute chart, we find the 50-day moving average continues to pressure the price from …

Divergent trades dominated the movements of Bitcoin during the previous session, to return to trading in a bullish path, benefiting from stability above 37,200. We tend to be positive intraday as the pair continues to receive a positive stimulus from the 50-day moving average. Confirming a breach of 37,730 increases …

Narrow-range sideways trades dominated the German DAX index to settle above the support floor 13,865/13,860. On the technical side, we are biased towards the intraday positivity, depending on the stability of trading above the aforementioned support, in addition to the positive signs of the RSI indicator on short time frames. …