Technical Analysis

Oil, Crude, trading

Gold prices were able to achieve gains during the previous trading session, as part of a technical outlook for the simple upward correction within the downward trend indicated in the previous analysis, touching our required corrective target of 1800 to reach its highest level at 1817. Technically speaking, and by …

The single European currency continues to achieve gains against the US dollar within the bullish path, as we expected, touching the second target to be achieved yesterday, located at 1.2080, posting its highest level at 1.2083. Technically, and with a closer look at the 240-minute chart, the moving averages are …

The German DAX index posted noticeable gains within the expected bullish path, touching the second target to be achieved, mentioned in the previous analysis, at 13,420, recording a peak at 13,441. Technically, with the index being able to build on a support floor of 13,260, in general above strong support …

The Dow Jones Industrial Average witnessed positive trading, surpassing the first desired target mentioned in the previous analysis at 29,870, Posting a high of 29,917. Technically, looking at the 60-minute chart, we find the RSI is stable above the mid-50 line, accompanied by the positive stimulus coming from the 50-day …

The Pound jumped against the Japanese Yen, surpassing the required target within the expected bullish path, reaching its highest level during the previous trading session at 139.60. Technically, with the pair able to build on the 139.00 support floor, with the pair continuing to get a positive stimulus from the …

The Canadian dollar remains on the negative side, as we expected, in which we relied on breaking the support level of 1.2985, heading directly towards the first target 1.2930, to record its lowest level during the previous session at 1.2923. Technically, the technical factors indicate the possibility of continuing the …

The pair has not undergone any change, and the negative outlook remains in place, maintaining the positive stability, as we expected within a gradual rise to the upside. On the technical side, and with a closer look at the 4-hour chart, we find that there are positive crossover signals that …

Oil, Crude, trading

Negative trading dominated gold prices with the opening of the first weekly trading to record its lowest level at 1764. Technically, by looking at the 4-hour chart, the pair found support floor around 1965 as we find on the short timeframe that RSI is starting to get positive signals. From …