Technical Analysis

We committed to the intraday neutrality during the previous analysis, although we tend to the positivity, indicating that we are waiting to confirm the breach of the resistance level of 1817, which is a catalyst factor that enhances the chances of the rise to be the next leg of 1837, …

The bullish trend is still dominating the euro’s movements against the US dollar within the expected bullish path, touching the third target located at 1.2130, posting high at 1.2127. Technically speaking, and with a closer look at the 4-hour chart, we find that the simple moving averages continue to support …

The German DAX index achieved noticeable gains as we expected, touching the target at 13,410 and a peak at 13,430.Technically, with the index being able to build on a support floor of 13,330, in general, above a strong support floor of 13,220, with the 50-day moving average in support of …

The Dow Jones Industrial Average touched the first target to be achieved in the previous trading session at 30,045, reaching a high of 30,054. Technically, looking at the 60-minute chart, we find that the RSI indicator continues to defend the upside until the stochastic is positioned around overbought areas. Therefore, …

Positive trading dominated the movements of the pound sterling against its Japanese counterpart, touching the official target to be achieved yesterday, located at 140.35, posting a high of 140.31. On the technical side, today we find the price is stable above 139.30, and the RSI indicator is stable above the …

The technical outlook remains unchanged, and the Canadian dollar has not changed significantly, preserving negative stability. Technically, the technical factors indicate the possibility of continuing the decline, to find the simple moving averages continue negative pressure on the price from the top, accompanied by the obvious negative impact on the …

The pound sterling traded against US Dollar in a noticeable positive way, touching the second target to be achieved during the last analysis, located at 1.3430, to hit its highest level at 1.3442. On the technical side today, and with the pair’s success in building a base on the pivotal …

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 …