Technical Analysis

Positive trading dominated the Canadian yesterday, targeting a re-test of 1.3220 resistance, posting a high of 1.3225. Technically, and looking at the chart, we see that there are some negative signs on the stochastic, in conjunction with the RSI indicator losing its bullish momentum over the short time periods. From …

The pound tilted negatively against the US dollar, to record its lowest level near the psychological barrier of 1.3000. From a technical point of view, looking at the 4-hour chart, we find the stochastic began to provide signs of a positive crossover with the stability trading above 1.3000 support. On …

Oil, Crude, trading

Gold prices managed to touch the target during the previous trading session within the scenario of re-testing the required level, visiting 1901, posting a low of 1894. Technically, looking at the 4-hour chart, we find conflicting technical signals, ranging from the negativity of the simple moving averages that continue to …

The Euro started the current session with a slight bullish bias, as part of attempts to establish a support floor near the psychological barrier of 1.1800. Technically, looking at the 240-minute chart, we find that the 50-day moving average has returned to hold the price, with stability above the mentioned …

The German DAX index succeeded in achieving the expected negative outlook mentioned in the previous analysis, touching the official target located at 12330 with session low at 12328. Technically, we see that the index has benefited from the support floor represented by the target within positive attempts to stabilize momentarily …

Negative trading dominated the Dow Jones Industrial Average in the New York Stock Exchange within the expected bearish path, touching the second target to be achieved in previous analysis at 27795, posting low at 27916. On the technical side, the current movements of the index are witnessing attempts to rise …

The British Pound against the Japanese Yen failed to confirm the breach of the strong resistance level published during the previous analysis, located around 137.65. On the technical side, the current movements of the pair are witnessing a bearish tendency due to the negative pressure of the 50-day moving average, …

The technical outlook remains unchanged, and the pair’s movements have not changed little in attempts to obtain a positive signal. Technically, and by looking at the 60-minute chart, we find the 50-day moving average is trying to push the price to the upside in conjunction with the RSI gaining an …

The pound continues its bearish bias against the US dollar within the expected bearish path during the previous analysis, in which we relied on confirming a break of 1.3100, pointing out that this facilitates the required mission of 1.3000, so that the pair continues to the downside. On the technical …