The bearish momentum continues to dominate gold’s movements within the expected bearish path, trying to break the bottom mentioned during the previous analysis, located at 1860, to record its lowest level at 1856. technically, the current trading is still stable below the resistance level of 1880, and with a closer …
Read More »Euro Close To Re-Test Support
The euro is showing a negative bias after the single currency failed to stabilize for a long time above the psychological barrier of 1.1800 resistance and is now hovering around the 1.1775 support level. Technically, looking at 240-minutes chart, we find that negative signs have started to appear on the …
Read More »German Dax Maintains Positive Stability
The German DAX index continued to trade on the positive side, gradually approaching the first target to be achieved at 13295, reaching a high of 13287. Technically, with the index an intraday basis above the support of 12970, and in general above 12840, with the continuation of getting a positive …
Read More »GBP/JPY Posting Strong Gains
The bullish trend continues to dominate the pound’s movements against its Japanese counterpart within a bullish path, as we expected touching the second target to be achieved during the previous trading session at 139.60, recording a high of 139.77. On the technical side, today, we tend to be positive, relying …
Read More »Canadian Dollar Maintains The Bearish Path
The technical outlook remains unchanged, and the pair’s movements have not changed little to keep the bearish path after finding a strong resistance level near 1.3065 / 1.3070. Technically Speaking, and with a closer look at the 60-minute chart, we find there are limited positive attempts from the RSI, and …
Read More »British Pound Extends Gains Against US Dollar
Positive trades continue to dominate the movements of the pound against the US dollar within the bullish path, as we expected touching the required target located at 1.3265, posting its highest level during the morning trading of the current session at 1.3280. Technically speaking, and by looking at the 240-minute …
Read More »Oil Receives Good Support
Oil, Crude, trading
Read More »Gold Struggling Negative Pressure
Positive attempts in yellow metal to reduce its recent losses within a limited upward tendency aimed at re-testing the 1890 resistance level. Technically, by looking at 60-minute chart, we find that the stability of the intraday trading below 1890 constitutes a negative pressure on the price, as we find the …
Read More »Euro Re-Test Support
The support levels published during the previous analysis, located at 1.1775, were able to limit the slight bearish tendency within the scenario of retesting the support as we expected. Technically, with the pair’s consolidating above the mentioned support, in addition to the positive stimulus from the simple moving averages that …
Read More »DAX Continues to Gain
The German DAX jumped above the required targets at 12720, to hit a high of 13287. Technically, the bullish trend is still intact, given that trading remains stable above the resistance converted into support at 12720, with the index continuing to get positive motive from the 50-day moving average. We …
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