Technical Analysis

The Canadian dollar managed to achieve the negative outlook that we mentioned in the previous analysis, touching the first target during the previous session at 1.3355, recording its lowest price at 1.3242. Technically, and looking at the 4-hour chart, we find that the 50-day moving average is forming pressure on …

The British pound jumped against the US dollar to post strong gains within a bullish path that we expected in the previous analysis, touching our awaited target of 1.3000, reaching the highest level at 1.3000. Technically, the SMA 50 favors a bullish bias as the pair continues to receive positive …

US crude oil futures witnessed positive trading within the expected bullish path in short intervals, with touching the target of 38.70 to continue posting gains to 39.60. Technically, the stochastic is still providing negative signals, in addition to the movement within the descending price channel shown on the chart. There …

The precious metal was able to achieve intraday gains during the previous session, to nullify the negative outlook, as we expected in the previous analysis, and touch the stop-loss at 1910, posting its highest price at 1918. Technically speaking, and by looking at the 4-hour chart, it appears that the …

The single currency managed to achieve the positive outlook that we expected in the previous analysis, by touching the first target 1.1770s, to hit the highest level at 1.1797. Technically speaking, with the pair being able to build on the previously broken resistance level that turned into support of 1.1720, …

Positive moves dominate the DAX index, to record its highest-level during morning trading for the current session at 12785. Technically, looking at the 60-minute chart, we see that the RSI is stable above the Midline with a positive motive of the 50-days moving average. We believe that we are witnessing …

The Dow Jones Industrial Average started the week with a slight bullish bias after establishing a good support floor around 27700. Technically speaking, looking at the 4-hour chart, we find that the stochastic indicator is consolidating around overbought areas, in conjunction with the RSI’s attempts to obtain positive signals on …

The British Pound started the week on strong foot against the Japanese Yen built on the support of 135.90. Technically, we tend to be positive, relying on the positive crossover signals for Stochastic, in addition to the pair’s continued attempts to gain some bullish momentum. We will maintain our positive …

The Canadian dollar opened the week in negative trading, after failing to hold above the support level of the ascending channel 1.3360/1.3350. Technically speaking, by looking at a 4-hour chart, we find that Stochastic is defending the bearish bias as the pair begins to respond to the negative signals coming …

The British pound traded on the positive side against the US dollar, benefiting from strong support around 1.2860. Technically speaking, intraday trading remains above 1.2910 with the positivity of the 50-D SMA This encourages us to maintain our positive view for targeting the extended resistance 1.2980/1.3000 as a first target, …