Technical Analysis

Positive trading dominated the pound’s movements against its Japanese counterpart within the expected upward trend, touching the second target to be achieved, 141.70, posting a high of 142.02. On the technical side, we are positive in our trading, relying on the positive motive of the 50-day moving average, in addition …

The Canadian dollar continues its efforts to rise to re-test the 1.2800 resistance level, which it has not yet been able to breach. Technically, the current trading is stabilizing near its lowest level during the early trading at 1.2700, and with a closer look at the chart, we find the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the first target to be achieved mentioned in the previous analysis, which is located around the support level of 1837, recording its lowest levels during the previous trading session at 1836. Technically speaking, prices benefited from touching the support level represented by the target of …

The current movements of the euro are witnessing a slightly bullish bias, benefiting from building a base on the support floor of 1.2130, as part of attempts now to retest the resistance level at 1.2230. On the technical side, and with a closer look at the 240-minute chart, we find …

Bitcoin managed to enter retest we mentioned in the previous analysis, we also indicated that surpassing the resistance level at 35,415 increases the probability of a return to the rise towards 35,910, to post 36,085 for the current session. We tend to be positive in our trades with the continuation …

The current moves in the German DAX are witnessing a bearish bias after finding a strong resistance level near the psychological barrier of 14,000. On the technical side today, we tend to be negative in our intraday trading, relying on intraday trading below the psychological barrier of 14,000, which is …

Negative trading dominated the Dow Jones Industrial Average on Wall Street after finding a strong resistance level around 31,040/31,070. Technically, there is a contradiction between stochastic concentrating around overbought areas, and negative signals coming from the RSI on short time frames. We are staying on the fence until the more …

The pound sterling started its daily trading against its Japanese counterpart positively, benefiting from the support level of 140.40, as the current moves witnessed stability around the highest level during the early in early session at 141.10. On the technical side, we are biased towards the positive side, relying on …