Technical Analysis

The pound’s movements against its Japanese counterpart are witnessing a bearish bias after meeting a strong resistance level of 137.40. Technically, and looking at the 60-minute chart, we tend towards the negativity depending on the clear negative features on Stochastic, which gradually started losing the bullish momentum. The bearish bias …

The Canadian dollar continues to crawl negatively to the downside within the expected bearish path, touching the first target required at 1.3190, to record its lowest level during early trading in the Asian session at 1.3180? Technically, the pair needs to confirm the breach of the support-turned-resistance 1.3240, in addition …

The British Pound traded on the positive side against the US dollar after attempts to establish a support near 1.2900. Technically, we find that the pair succeeded in building a base on 1.289 / 1.2900, accompanied by the positive signs of the MA 50, which adds more strength. We see …

Oil, Crude, trading

The yellow metal opened the current session with a bullish bias within a gradually bullish path. Technically speaking, the current moves are witnessing stability above 1901 resistance level, Fib 61.80%, as seen on the 240-minute chart. We find that the RSI above 50 on short time frames with positive signals …

The EUR’s movements were tilted to the positive side during the previous trading session, and we remained neutral in the previous report due to the conflicting technical signals. Technically, looking at the chart, we find that the 50-day moving average has returned to hold the price with positive signals from …

The German DAX index began to rise, posting a strong gain, reaching an intraday high at 12985. On the technical side, and looking at 60-minute chart, we find that the simple moving averages continue to hold the price along with positive signals from the RSI. Therefore, a bullish bias is …

building on the strong support mentioned in the previous analysis at 27700. Technically, as the index continues to receive positive signals from the RSI, it coincides with the positive signals from the 50-day moving average. This encourages us to hold onto our positive outlook, knowing that trading above 28355 confirms …

Positive trading dominated the moves in the pound against the Japanese yen after it succeeded in establishing good support around 136.00. Technically, we are biased towards the positivity based on the positive signals of the 50 day moving average. As long as the intraday trading remains above 136.65, the bullish …

Negative trading is dominating the Canadian dollar after it failed to stabilize above the psychological barrier resistance of 1.3300, to gradually start drifting to the downside. Technically, we find that the SMA 50 continues negative pressure on the price, and this coincides with the stability of the RSI indicator below …