The single European currency managed to touch the first target required to be achieved during the previous session at 1.1845, posting a high of 1.1848. Technically, we see the Euro managed to establish a solid support floor around 1.1720, a 23.60% retracement, with the 50-day moving average continuing to hold …
Read More »Dax Towards Negativity
The German DAX managed to touch our first target at 12990, to return to trading negatively. The technical side indicates the possibility of continuing the decline, with trading remaining below the previously broken support level 12880 and the most important 12920, in addition to the index continuing to have negative …
Read More »Dow Jones Remains Negative
The Dow Jones Industrial Average declined significantly during the previous session within the bearish path expected in the previous analysis, touching the first target at 28370, posting a low at 28024. Technically, we are biased towards the negativity, given that trading remains intact below the broken support-into-resistance at 28330 with …
Read More »GBP/JPY Looking For Extra Momentum
GBP/JPY managed to achieve the positive outlook, as we expected yesterday, to touch the first target required to be achieved at 137.10, posting high 137.25. Technically, we find that the 50-day moving average holds the price in addition to an intraday consolidation above breached resistance-into-support 135.90 / 136.00. Therefore, we …
Read More »Canadian Dollar Tends to be Positive
The pair saw some positive attempts during previous trading, but is still limited. Technically, looking at the 60-minute chart, we find the beginning of the positive signs for the pair with the RSI indicator trying to obtain bullish momentum supported by the intraday stability above 1.3160. We tend to be …
Read More »Pound Faces Resistance
The British Pound reversed the downtrend, as we expected in the previous analysis, reaching the stop loss order we mentioned, located at 1.3000, posting a high of 1.3024. Technically, and looking at the chart, we find that the pair failed to stabilize for a long time above the pivotal resistance …
Read More »Oil Trying to Make His Way Toward The Positive Side
Oil, Crude, trading
Read More »Gold Looking For Direction
We stood on the sidelines during the first trading sessions of this week due to the conflicting technical signals, explaining that we are waiting for more clear signals as gold prices moving in a narrow sideways range confined from the bottom above 1901 and the top below 1913. Technically speaking, …
Read More »Euro: Positivity Needs Assurances
The Euro achieved remarkable gains yesterday against the US dollar, nullifying the negative outlook as we expected, looking to the stability of trading below 1.1750, as a reminder that we indicated during the previous analysis that trading above 1.1750 will stop the downward trend and lead the pair to an …
Read More »Dax Starts The Week on The Positive Side
The DAX is witnessing positive movements as the week begins with a bullish bias. Technically, the index stabilizes intraday above 12780, and most importantly 12740, with a positive motive from the 50-day moving average. We think that there is a chance for a bullish tendency to occur in the coming …
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