Technical Analysis

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

Gold prices opened the first session of the week with stability around the pivot level 1901. Technically, looking at the 4-hour chart, we see the SMA 50 attempts to pressure the price from the top, with the RSI tending to provide negative signals on short intervals, on the other side. …

The pair was able to retest the 1.1750 resistance level, which was an obstacle in its path, which forced it to move within an expected bearish path. Technically, the intraday moves are witnessing stability below the 1.1720 resistance level, accompanied by the continuation of the negative pressure coming from the …

The DAX suffered strong losses during the previous trading session within the bearish path, as we expected yesterday, touching our target 12795, posting low of 12575. From a technical point of view, we find that the SMA continues to pressure the price from the top and support the downside. Consequently, …

The Dow Jones Industrial Average managed to achieve the targets required to be reached in the previous analysis at 28030, posting a low of 28038. Technically, by looking at the 60-minute chart, we find that the 50-day moving average is pressing the price from the top, with the stochastic gradually …

The British Pound was trading negatively against the Japanese Yen after failing to consolidate above 137.00. Technically, we tend to be negative depending on the negative pressure coming from the 50-day moving average, in addition to intraday trading below 136.30 and the most important 136.70. Therefore, the bearish bias will …

The pair rallied significantly yesterday, after several successive sessions of moving within a weak sideways. To be reminded, we indicated during the previous analysis that the confirmation of the breach of the resistance level of 1.3175 is capable of releasing the pair from the sideways range and pushing the price …

Negative trading dominated the pound against the US dollar as we expected, touching the target to be achieved during the previous analysis at 1.2900, posting a low of 1.2886. Technically, by looking at the 4-hour chart, we see that the SMA 50 supports the bearish daily curve, with the stochastic …