Technical Analysis

The Canadian dollar retreated significantly during last week’s trading, touching the target levels for the current bearish wave at 1.2785, recording its lowest level at 1.2772. On the technical side, Stochastic is trading near oversold areas, and on the other hand, we find the RSI and the simple moving averages …

Positive trading dominated the movements of the pound against the US dollar, touching the weekly target at 1.3500, reaching a high of 1.3540. Technically, the pair failed to stabilize for a long time above the psychological barrier resistance 1.3500, which forced it to trade near the support level 1.3420, so …

The positive moves continued to dominate the Dow Jones Industrial Average, as we expected, surpassing the required target mentioned in the previous report, located at 30,200, recording its highest at 30,263. On the technical side, with the index price above the previously breached resistance-into-support 30,000, in addition to the index …

Oil, Crude, trading

Gold prices succeeded in touching the first required target in the last trading sessions of last week at 1847 within the upward correction move within the downside. Technically, given at the 60-minute interval chart, we find the resistance level of 1847 that represents an obstacle for the price to complete …

After several consecutive sessions of rise, the single European currency found a strong resistance level around 1.2180, which we referred to in the previous analysis as a prerequisite for continuing the required rise. On the technical side, the pair started its first weekly trading on a slight bearish slope, and …

Negative trades dominate the movements of German Dax, where it found a strong resistance level near 13,320. Technically speaking, by looking at the 60-minute chart, we find the RSI indicator began to gradually lose the bullish momentum accompanied by the stability of trading below 13,280. Consequently, we may witness a …

Positive trading dominated the moves of the Dow Jones Industrial Average within the expected upward path, surpassing the second target required to be achieved at 30,050, posting a high of 30,089. Technically, The index continues to obtain a positive stimulus from the 50-day moving average, in addition to stochastic around …

The GBP/JPY failed to stabilize for a long time above the 140.30 resistance level, which is a temporary obstacle preventing the pair from continuing the rally. Technically speaking, the current movements are witnessing a bearish bias due to stability below the aforementioned level, and we see negative signs appearing on …

Negative trading continues to control the Canadian dollar’s ​​movements, after several consecutive sessions in which we await confirmation of a break of 1.2920, showing that this leads the pair to resume the downside path with targets of 1.2870, then 1.2830, to record its lowest level at 1.2847. Technically, and with …