Technical Analysis

Positive trading dominates the pound against the US dollar after it managed to break 1.3175. On the technical side, we find the 50-day moving average holding the price, as we find the pair continues to get bullish momentum from the RSI. As long as trading remains above 1.3140 / 1.3120, …

Oil, Crude, trading

We remained neutral in the previous analysis due to the conflicting technical signals, with activation of long positions depends on confirming the breach of 1886, and from here we may witness a re-test of the previously broken support-into-resistance 1901, posting a high at 1899. Technically, looking at the 240-minutes chart, …

The pair opened its weekly trading with a bullish bias towards the first target expected to be achieved last Friday, 1.1825, to hit its highest level during early trading for the current session at 1.1854. Technically, looking at the 4-hour chart, we find the 50-day moving averages support a bullish …

The German DAX index declined, to reach a low of 12930 in the previous session. Technically, we are intraday positive, with the index gaining bullish momentum on short time frames, with intraday trading stabilizing above the support level of 12910 and the most important 12860. Therefore, confirming the breach of …

Negative moves dominate the Dow Jones Industrial Average after it encountered a strong resistance near 29200. Technically, the current movements are witnessing a bearish bias as a result of trading stability below 29220/29215 with negative signs on the RSI indicator on short time frames. Therefore, there is a possibility that …

The British Pound fell against the Japanese Yen significantly as we expected, surpassing the second target mentioned in the previous analysis at 138.00, and reached a low of 137.54. Technically, we tend to be negative, given that trading is stable below 138.30 / 138.20 with negative pressure coming from the …

The Canadian dollar was able to achieve the second target to be touched at 1.3130, to hit a high of 1.3170 during early trading for the session. Technically, the pair was able to surpass 1.3065 resistance and consolidate above, which turned into a support level, in addition to the positive …

The British pound reversed the bullish trend yesterday to negate the positive outlook as we expected and touch the stop-loss order mentioned in the previous analysis at 1.3160, we have indicated that breaking the 1.3160 ​​support level will completely negate the bullish scenario, turning towards the negativity with the first …

Oil, Crude, trading