Technical Analysis

The German DAX was trading on negative side, reaching its lowest price during the previous session at 12077. Technically speaking, looking at the 60-minute chart, we find that the simple moving averages continue to pressure the price, with consolidation below the broken support-into-resistance 12400. The bearish scenario will remain intact, …

The Dow Jones Industrial Average declined significantly yesterday after facing a strong resistance level near 28050. Technically, the current moves in the index are trying to replicate the chances of a rally in short time intervals. We see RSI above the midline, in addition to the intraday trading above 27610 …

The British Pound opened its daily trading against the Japanese Yen with a slight upward slope, benefiting from building on a support around 136.15. Technically, looking at the 60-minute chart, we see the moving averages have returned to hold the price with the clear bullish momentum on the stochastic indicator. …

Positive trading dominated the Canadian yesterday, targeting a re-test of 1.3220 resistance, posting a high of 1.3225. Technically, and looking at the chart, we see that there are some negative signs on the stochastic, in conjunction with the RSI indicator losing its bullish momentum over the short time periods. From …

The pound tilted negatively against the US dollar, to record its lowest level near the psychological barrier of 1.3000. From a technical point of view, looking at the 4-hour chart, we find the stochastic began to provide signs of a positive crossover with the stability trading above 1.3000 support. On …

Oil, Crude, trading

Gold prices managed to touch the target during the previous trading session within the scenario of re-testing the required level, visiting 1901, posting a low of 1894. Technically, looking at the 4-hour chart, we find conflicting technical signals, ranging from the negativity of the simple moving averages that continue to …

The Euro started the current session with a slight bullish bias, as part of attempts to establish a support floor near the psychological barrier of 1.1800. Technically, looking at the 240-minute chart, we find that the 50-day moving average has returned to hold the price, with stability above the mentioned …

The German DAX index succeeded in achieving the expected negative outlook mentioned in the previous analysis, touching the official target located at 12330 with session low at 12328. Technically, we see that the index has benefited from the support floor represented by the target within positive attempts to stabilize momentarily …

Negative trading dominated the Dow Jones Industrial Average in the New York Stock Exchange within the expected bearish path, touching the second target to be achieved in previous analysis at 27795, posting low at 27916. On the technical side, the current movements of the index are witnessing attempts to rise …