Technical Analysis

Positive trading dominated the movements of the Dow Jones Industrial Average, recording its highest level 30,396. On the technical side, the intraday movements of the index are witnessing a bullish bias benefiting from the intraday stability above the psychological barrier 30,000 support floor, and we find that the RSI indicator …

Various moves took control of the pound sterling against its Japanese counterpart, as the current trading witnesses attempts by the pair to build a base on the floor of the support of 193.50. On the technical side, and with a closer look at the chart, we find a conflict in …

The Canadian dollar was able to retest the resistance at 1.2750 as we expected, but found a strong resistance level near the psychological barrier of 1.2800. Technically speaking, the pair is based above the support floor at 1.2650, which was accompanied by attempts by Stochastic to obtain additional momentum that …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices jumped, as we expected, to touch the second official target to be achieved mentioned in the last report published on January 4-2021, located at 1950, highest level during yesterday’s session at 1955. On the technical side, and by looking at the 4-hour chart, we find the …

The single European currency was able to touch the first official leg mentioned in the last report located at a price of 1.2300, to record its highest level during the previous session’s trading session at 1.2326. Technically, and with a closer look at the 60-minute chart, we find that the …

Bitcoin achieved new record gains, reaching its highest levels of 33,565, to start its first daily trading on a rising price gap. On the technical side, we tend to be positive, depending on the stability of trading above 32,810 accompanied by the positive motivation of the 50 days moving average. …

The German DAX found a strong resistance level around 13,780, which is currently pressing prices on the short time frames. Technically, we tend to be negative, depending on the clear negative signals on the RSI, in addition to the intraday stability below 13,470. Therefore, we believe that there is a …

Positive trading dominated the movements of the Dow Jones Industrial Average on Wall Street, posting its highest level at 30,526. On the technical side, we see the RSI stable above the 50 midline, trying to obtain more bullish momentum, and the simple moving averages support the upside. From here, with …