Technical Analysis

The German DAX maintains its gains during morning trading. On the technical side, we tend to be positive, depending on trading remaining above the strong support level at 13,160, in addition to the positive stimulus coming from the 50-day moving average. The first target is located around 13,320/13,340, and the …

The Dow Jones index found a strong resistance level around 30,150, as we indicated yesterday that it is an important and essential condition for achieving further upside. On the technical side, and with a closer look at the 60-minute chart, we find negative signs appearing on Stochastic, temporarily losing bullish …

Strong negative trades dominated the pound’s movements against its Japanese counterpart yesterday, touching the second target during the previous trading session at 138.70, posting low at 137.90. On the technical side, we tend to be negative in our trading, relying on the stability of trading below the resistance of the …

The Canadian dollar continues to decline within the expected direction, continuing its gradual decline to the downside, approaching the first leg at 1.2700. on the technical side, and with the regularity of movements inside the bearish price channel on the 4-hour time frame, in addition to the continuation of the …

The British pound retreated against the US dollar during the previous session within the expected bearish path, touching the second official target required at 1.3325, recording a low of 1.3225. On the technical side today, the price has stabilized below the previously breached support level, which is now converted into …

Oil, Crude, trading

Gold prices achieved a remarkable rise during the previous trading session after finding a solid support floor near 1828. It is noticed that we indicated in the last analysis that stability above 1848 leads gold to complete the bullish correction with the aim of retesting the previously broken support-into-resistance 1857/1860 …

Negative trading dominated the moves of the euro against the US dollar yesterday within retesting the support published in the previous analysis, touching the first required target at 1.2100 and approaching a few points difference at the second target 1.2065, to record its lowest level during the previous session 1.2077. …

The German DAX started its first weekly trading with a bullish bias after it succeeded in building a base on the pivotal support floor located at 13,220. On the technical side, we tend to be positive, depending on the stability of trading above the mentioned support, in addition to the …

The pair started its first weekly trading with a bearish bias, after it faced a strong resistance level near 140.470, to witness the current moves of the pair stabilizing below 140.00 again. Technically, trading remained below the mentioned level accompanied by negative pressure coming from the simple moving averages. Therefore, …