Technical Analysis

The Canadian dollar succeeded in completing the bullish correction mentioned in the previous technical analysis, touching the target of the aforementioned correction wave at 1.2830, to hit its highest level at 1.2835. Technically, by a closer look at the 60-minute chart, we find the moving average continues to hold the …

Oil, Crude, trading

Oil, Crude, trading

Gold’s movements witnessed a slight bullish tendency during the previous session’s, but there was limited positive trades targeted a re-test of 1865. On the technical side, we find Stochastic continues to losing bullish momentum gradually, and this comes in conjunction with the negative signs coming from the RSI. From here, …

The euro continues its gradual decline against the US dollar within the expected bearish context, touching the first target mentioned in the previous analysis at 1.2130, to hit its lowest level during the previous trading session at 1.2131. Technically, we find that the pair ended its daily transactions below the …

The current movements of Bitcoin are witnessing a downward trend as a result of struggling with the psychological barrier of 40,000 within a bearish context targeting a re-test of 30,670. Technically, The simple moving averages pressing the price from the top, with negative signs from stochastic indicator. Consequently, we may …

The German DAX index was able to touch our desired target at 14,130. to post high at 14,122. On the technical side, with the index’s managed in to build on support floor of 13,990/13,970 accompanied by the index obtaining upward momentum from the RSI. It encourages us to maintain our …

Negative trading dominated the Dow Jones Industrial Average on Wall Street, nullifying the positive outlook expected in the previous analysis. Technically, and despite the negativity, we still tend to be positive in our trading, relying on trading stability above 30,665 accompanied by stochastic attempts to get rid of the current …

The current moves of the British pound against its Japanese counterpart are seeing a bearish bias on short time frames after failing to hold a long term above 141.00. The technical side today indicates the possibility of a bearish bias during the coming hours, as a result of the clear …

The Canadian dollar continues its attempts to rally within a bullish corrective context, after finding a strong support floor near 1.2660. Technically speaking, the current movements of the pair are witnessing positive attempts supported by the pair getting positive signals from the RSI to get bullish momentum in short time …