Technical Analysis

The precious metal was able to achieve intraday gains during the previous session, to nullify the negative outlook, as we expected in the previous analysis, and touch the stop-loss at 1910, posting its highest price at 1918. Technically speaking, and by looking at the 4-hour chart, it appears that the …

The single currency managed to achieve the positive outlook that we expected in the previous analysis, by touching the first target 1.1770s, to hit the highest level at 1.1797. Technically speaking, with the pair being able to build on the previously broken resistance level that turned into support of 1.1720, …

Positive moves dominate the DAX index, to record its highest-level during morning trading for the current session at 12785. Technically, looking at the 60-minute chart, we see that the RSI is stable above the Midline with a positive motive of the 50-days moving average. We believe that we are witnessing …

The Dow Jones Industrial Average started the week with a slight bullish bias after establishing a good support floor around 27700. Technically speaking, looking at the 4-hour chart, we find that the stochastic indicator is consolidating around overbought areas, in conjunction with the RSI’s attempts to obtain positive signals on …

The British Pound started the week on strong foot against the Japanese Yen built on the support of 135.90. Technically, we tend to be positive, relying on the positive crossover signals for Stochastic, in addition to the pair’s continued attempts to gain some bullish momentum. We will maintain our positive …

The Canadian dollar opened the week in negative trading, after failing to hold above the support level of the ascending channel 1.3360/1.3350. Technically speaking, by looking at a 4-hour chart, we find that Stochastic is defending the bearish bias as the pair begins to respond to the negative signals coming …

The British pound traded on the positive side against the US dollar, benefiting from strong support around 1.2860. Technically speaking, intraday trading remains above 1.2910 with the positivity of the 50-D SMA This encourages us to maintain our positive view for targeting the extended resistance 1.2980/1.3000 as a first target, …

US crude futures declined significantly within the bearish picture, touching the target required during the previous report at 36.65, posting its lowest level at 36.50. Technically speaking, movements are witnessing a bullish bias as a result of trading above 37.00 with positive signs on the RSI indicator. We tend towards …

Gold is trading on the negative side in early trading for the current session, and prices are witnessing some intraday stability below 1901. In terms of technical analysis, and by taking a look at the 240-minutes chart, we find that negative signs started to appear on the stochastic and began …

The Euro started its first weekly trading attempting to rise, making use of intraday trading above 1.1720 after finding strong support around 1.1620. On the Technical side and by looking at the intervals, we see that the 50-day moving average meets around 1.1690/1.1700 giving some momentum, in conjunction with the …