Technical Analysis

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 …

Trading tended to be negative and dominated the euro’s movements against the US dollar within the scenario of retesting the support as it’s close to the published target located at 1.1775, to settle for a low of 1.1685. Technically speaking, looking at 240-minutes chart, we find that the Euro started …

The German DAX index declined significantly within the expected bearish path, surpassing the bearish target mentioned in the previous report at 12610 posting a low at 12520. Technically, we are biased towards the negativity, given that the index broke support-into-resistance 12720/12710 with the negative pressure of the simple moving averages. …

The Dow Jones Industrial Average managed to achieve the bearish targets published in the previous analysis located at 28,000, and reached a low of 27,893. Technically, we tend to be negative given the negative signs from Stochastic with the loss of momentum on the RSI indicator. As long as trading …

Positive trading dominated the British Pound against its Japanese counterpart, touching the first target to be achieved at 137.30, posting session high at 137.65. On the technical side with the pair’s intraday stability above the psychological barrier of 137.00, which is accompanied by the continued positive motive for the pair …

The Canadian dollar witnessed a slight bullish bias yesterday, taking advantage of the 1.3000 support level to retest the 1.3165 resistance level. Technically and by looking at the 60-minute chart, we find the 50-day moving average trying to push the price to the upside in conjunction with the RSI gaining …

The British pound rallied significantly against the US dollar yesterday, after it managed to break the psychological barrier of 1.3000 to extend its gains, surpassing the first target of 1.3080, and reaching a high of 1.3180. Technically, by looking at the chart, we find that negative signs have started to …

Oil, Crude, trading

The yellow metal was able to touch the initial target to be achieved, mentioned in the previous report, at 1927, and approached the second target at 1934, but posted a session high at 1931. Looking at the 240-minute chart, the technical view indicates the possibility of returning the bearish slope …