Technical Analysis

Oil, Crude, trading

Negative trading dominated gold prices, as we expected, touching the target published in the previous analysis at 1860, to post a low at 1864. Technically, the current movements are witnessing a slight upward tendency, as a result of approaching the support level of 1860 in the attempts to re-test 1894. …

The single European currency continues to decline against the US dollar within the expected bearish path. The euro continues to crawl negatively shy off target published in the previous analysis at 1.1620, posting low at 1.1630. Technically, looking at the 240-minute chart, we see that the moving averages continue to …

The intraday movements of the German DAX index are witnessing a slight bullish tendency after a series of drops. Technically, the index is trying to settle above the support floor at 11440, and the RSI indicator strengthens the possibility that we will witness a slight bullish bias over short periods …

Negative trading dominated the moves of the Dow Jones Industrial Average within the expected bearish path in the previous analysis, touching the required target at 26360, posting a low at 25950. Technically, we expect a bearish bias today, with trading consolidating below 26650, in addition to the RSI stabilizing below …

The pound retreated against the Japanese yen, as we expected. We made clear that breaking 135.15 is a negative pressure factor forcing the pair to touch 134.30, posting its lowest level in early trading at 134.40. Technically, looking at the 60-minute chart, we see the RSI indicator has started to …

The Canadian dollar was trading in a positive range after it succeeded in confirming the breach of the 1.3330 resistance level, to consolidate its gains near the psychological barrier of 1.3400. Technically, we believe that the continuation of the rally is intact, given the positive stimulus from the 50-day moving …

The British Pound was able to reach the required downside target mentioned in the previous analysis at 1.2920, recording a low of 1.2880. Technically, we are biased towards the negative side, given the pair’s success in confirming the breach of the support level of 1.2970, which is now turned into …

Oil, Crude, trading

Gold prices witnessed a noticeable decline during the previous session’s trading towards the first official target for the downside wave, as we expected at 1860. Technically, the daily trend is still bearish, given the consolidation of intraday trading below the previous broken support 1882, with the continued negative pressure of …