The Dow Jones Industrial Average declined significantly during the previous trading session, to cancel the positive outlook and touching the stop-loss order. We indicated that trading below 30,615 is able to completely negate the Bullish Scenario and we may witness a strong bearish tendency, with an initial target around 30,470, …
Read More »GBP/JPY: The Pound Yen Starts on The Positive Side
The positive moves continued to dominate the Pound against the Japanese Yen, achieving the first bullish target published during the previous analysis at 142.85. On the technical side today, with trading stabilizing above the support floor at 142.20, in addition to the pair continuing to get a positive motive from …
Read More »Canadian Dollar Touches The Target of Bullish Correction
Positive trading dominated the Canadian dollar within the bullish technical correction, as we mentioned during the previous analysis, touching the aforementioned first correction target of 1.2830, recording its highest level during early trading for the current session 1.2836. Technically speaking, and with the pair’s success in stabilizing, intraday, above the …
Read More »Sterling Pound Facing Strong Resistance
Oil, Crude, trading
Read More »Crude Oil: May Have a Temporary Decline
Oil, Crude, trading
Read More »Gold Continues to Achieve Descending Targets
Gold prices succeeded in achieving the expected negative outlook during the last analysis, located at the price of 1838, to record its lowest price during the previous session in 1831. On the technical side, and by looking at the chart at a 240-minute chart, we notice that the price continues …
Read More »Euro Breaks Support
Negative trading dominated the moves of the euro against the US dollar within the expected bearish path, in which we relied on confirming a break of 1.2120 in his way to touch the first official leg of the break 1.2065, recording its lowest price at 1.2058. Technically, and with a …
Read More »Bitcoin Continues to Decline
Bitcoin succeeded in achieving the negative outlook, as we expected during the previous analysis, surpassing the second official target to be achieved at 31,730, to record its lowest price during the morning trading of the current session at 31,428. On the technical side, we tend to be negative due to …
Read More »German DAX Based on Support
Positive trading dominated the German DAX index after it succeeded in building on the support floor of 13,580. Technically, we tend to be positive in our trading, relying on trading stability and stability above 13,800 accompanied by positive signs of the RSI, in addition to stochastic attempts to obtain additional …
Read More »Dow Jones Retested Support
Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous trading session, touching the first target to be achieved located at a 30,985, recording its highest price 31,015. On the technical side today, and with a closer look at the 60-minute chart, we find the RSI …
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