Technical Analysis

The pound was dominated by positive trading against the yen, after it managed to establish strong support around 136.60. Technically, we are biased towards the positivity based on the positive crossover signals coming from the stochastic indicator on the 240-minute time frame. A bullish bias will be likely today, provided …

The technical outlook remains unchanged, with little change in the pair’s movements, maintaining negative bias. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing the negative pressure on prices with features of a bearish technical pattern on the 4-hour …

The British pound achieved noticeable gains against the US dollar during the previous trading session within the expected bullish path, touching the first target 1.3085, reaching high of 1.3083. On the technical side, we notice that 50-day moving average is still holding the price, meeting around the support level of …

Oil, Crude, trading

The resistance levels mentioned in the previous analysis at 1934 managed to halt the bullish bias as we expected and forced gold prices to retreat again. Technically, and looking at 240-minutes chart, we find that the negative signs are still dominating the stochastic, in conjunction with clear negative signs on …

Euro was trading in a narrow sideways range, and its movements against the US dollar did not witness notable change, and the pair maintained the bullish path. The technical outlook remains unchanged, and with a look at 240-minutes chart, we see that the SMA 50 is providing a positive motive …

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 …