Technical Analysis

The German DAX maintained its positive stability, a few points difference from the aforementioned target 13130, to hit a high of 131 120.  The index above 13030 and the most important 12995 enhances the chances of an upside, in addition positive motive from its simple moving averages. The bullish scenario …

Dow Jones Industrial was able to touch the target level mentioned in the previous report at 28680, posting a high at 28596. Technically, SMA 50 hold the price and the RSI continues to get positive signals on short intervals. From here, by steadily trading above the previously breached resistance-into-support 28370, …

The positive trading is trying to dominate the sterling’s moves against the yen, after it succeeded in establishing a solid support around 136.60. Technically, we are biased towards the positive, given the positive crossover signals from the stochastic indicator on the 240-minute time frame. Therefore, the bullish bias is likely, …

The pair continues to be negative for the third session in a row, after failing to stay above the psychological barrier of 1.3200. Technically, we see that the pair is stable around the support level of 1.3120, as we find the simple moving averages continue their negative pressure on prices …

Positive trading dominated the sterling’s moves against the dollar, touching our expected target at 1.3020, reaching a high during the Asian session at 1.3049. On the technical side, by looking at the 60-minute chart, we find the pair managed to build a base on the 1.3000 support floor accompanied by …

Oil, Crude, trading

Gold opened the weekly trades at a noticeable rise within the expected bullish path during the previous analysis, to touch the target of 1920, and approached the target of 1934, to post its highest level at 1933. Technically, we find that the RSI is stable above the mid-line and supported …

The Euro was trading positively against the US dollar, after it managed to break the 1.1720 resistance level. Technically, the current moves are stabilizing above 1.1800 and with a look at the 240-minute chart, we find that the SMA 50 is showing a positive motive with the RSI trying to …

The German DAX managed to maintain its positive stability, posting a session high at 13085 in early tradings. Technically, we tend to positive, depending on the breach of 12940, which turned into support, with the positive motive of the 50-day moving average, which continues to hold the price. We will …

Positive trading dominated the Dow Jones Industrial Average, to record its highest level at 28485. Technically, we see that the index closed its trading above the support level of 28200 with the positive motive of the 50-day moving average in conjunction with positive signs from the RSI. As long as …