The Dow Jones Industrial Average witnessed good gains during the first trading of this week, recording its highest level at 34,689. Technically, we find the index achieving a clear consolidation above the strong support floor of 34,500, accompanied by the RSI’s attempts to gain more bullish momentum and the stochastic’s …
Read More »Euro forms a triple top 5/7/2023
Quiet negative trading dominated the movements of the euro-dollar pair during the previous trading session in light of the US market holiday, and the pair’s moves are still stable below the main resistance, located at 1.0940. Technically, the 4-hour chart shows that the simple moving averages still constitute an obstacle …
Read More »Euro is starting to form tops 29/6/2023
Negative trading dominated the movements of the euro-dollar pair during the previous session’s trading, after it failed to breach the strong resistance level at 1.0940, Technically, when looking at the 240-minute chart today, we find that the simple moving averages have returned to pressure the price from above. The 50-day …
Read More »Euro is trying to consolidate 27/6/2023
Quiet trading dominated the movements of the euro-dollar pair during the first trading of this week, and it did not show any major movements, maintaining positive stability above 1.0860. From the point of view of technical analysis today, and by looking at the 4-hour chart, we find that there are …
Read More »Euro is facing negative pressure 26/6/2023
The euro incurred significant losses against the US dollar at the end of last week’s trading, within the expected bearish track during the previous technical report, touching the official target station at 1.0860, recording its lowest level at 1.0844. Technically, and by looking at the 4-hour chart, there is some …
Read More »Euro temporarily fails to breach the psychological barrier 23/6/2023
Mixed trading dominated the movements of the euro-dollar pair during the previous session’s trading, as the pair failed to stabilize for a long time above the psychological barrier of 1.1000, forcing it to retreat to retest the support level currently hovering around it at 1.0940. On the technical side today, …
Read More »Euro is touching bullish targets 22/6/2023
. Positive trades dominated the movements of the euro against the US dollar within the expected bullish path during the previous technical report, touching the official targets targeted yesterday at 1.0970 and 1.1000, recording its highest level during today’s early trading at 1.0995. On the technical side today, we tend …
Read More »Euro hits resistance 21/6/2023
. The EUR/USD pair found difficulty in breaching the strong resistance level published during the previous technical report at 1.0940, explaining that it represents the key to the continuation of the upward attempts, which forced the pair to trade in negativity, recording its lowest level at 1.0892. On the technical …
Read More »Euro is trying to consolidate against USD 20/6/2023
. Quiet trading tended to be negative but limited at the beginning of the week, amid the US markets holiday, to find the EUR/USD pair stable intraday above 1.0900. Technically, and with a closer look at the 4-hour chart, the simple moving averages continue to hold the price from below, …
Read More »Euro touches the target, eyes on ECB 15/6/2023
. Remarkable gains dominated the performance of the Dow Jones Industrial Average on Wall Street, within the positive outlook, as we expected, touching the official bullish target stations, reaching the last target of 34,130, recording its highest level of 34,112. Technically, we tend to be positive, relying on the index’s …
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