Technical Analysis

The British Pound reversed the downtrend, as we expected in the previous analysis, reaching the stop loss order we mentioned, located at 1.3000, posting a high of 1.3024. Technically, and looking at the chart, we find that the pair failed to stabilize for a long time above the pivotal resistance …

Oil, Crude, trading

We stood on the sidelines during the first trading sessions of this week due to the conflicting technical signals, explaining that we are waiting for more clear signals as gold prices moving in a narrow sideways range confined from the bottom above 1901 and the top below 1913. Technically speaking, …

The Euro achieved remarkable gains yesterday against the US dollar, nullifying the negative outlook as we expected, looking to the stability of trading below 1.1750, as a reminder that we indicated during the previous analysis that trading above 1.1750 will stop the downward trend and lead the pair to an …

The DAX is witnessing positive movements as the week begins with a bullish bias. Technically, the index stabilizes intraday above 12780, and most importantly 12740, with a positive motive from the 50-day moving average. We think that there is a chance for a bullish tendency to occur in the coming …

Positive trading dominated the movements of the Dow Jones Industrial Average, nullifying the negative outlook as we expected, we indicated during the previous analysis that the breach of 28550 is capable of negating the bearish scenario, and the index returns to trade positively, heading towards 28740, to post high at …

Pound was dominated by negative trading against the Japanese Yen within the expected bearish path, shy off the required target of 135.15, posting low at 135.40. Technically, the current movements of the pair are witnessing a bullish tendency, as a result of building a base on support floor of 135.60 …

We stood neutral in the previous analysis due to the contradictory technical signals. The pair started the first weekly trading with a bearish bias. From a technical point of view, looking at the 4-hour chart, we find a bearish technical structure that supports the continuation of the decline, with the …

The British pound continues its negative creep against the dollar within the expected bearish path, depending on the stability of trading below 1.2960, to gradually approach the target required to be achieved in the previous analysis at 1.2840, recording a low at 1.2860. Technically, the moving average is still pressing …

Oil, Crude, trading