Tag Archives: Forex

The Dow Jones turned negative after finding a strong resistance level near 28780. Technically, despite the bearish tendency, we find the index is intraday above 28460, with the RSI trying to provide positive signals. We believe that the daily trend is still bullish, but in condition of the breach of …

Gold prices were subjected to intense selling during the previous session within the expected bearish, in which we relied on the stability of intraday trading below 1925 in general below 1935, indicating that we are waiting for a bearish correction targeting 1890 and 1895 to post low of 1822 in …

The dollar rose from its lowest level in three weeks on Tuesday, as traders in the market returned to buying it, especially against the counterpart currencies of higher risk, after it appeared that the Chinese authorities are seeking to curb the gains in the yuan that recorded recently. The Australian …

The Dow Jones Industrial Average continues posting gains, touching the first target mentioned in the previous analysis at 28740, posting a high of 28,843. Technically speaking, looking at the 60-minute chart, we find that the index continues to get a positive sign from the 50 SMA, which continues to hold …

The resistance levels mentioned in the previous analysis at 1934 managed to halt the bullish bias as we expected and forced gold prices to retreat again. Technically, and looking at 240-minutes chart, we find that the negative signs are still dominating the stochastic, in conjunction with clear negative signs on …

The dollar settled near a three-week low on Monday amid optimism about the fiscal stimulus in the United States, while the yuan fell after the Chinese central bank changed its policy on currency reserves. The dollar index stabilized after it witnessed the biggest loss in six weeks on Friday, when …

Dow Jones Industrial was able to touch the target level mentioned in the previous report at 28680, posting a high at 28596. Technically, SMA 50 hold the price and the RSI continues to get positive signals on short intervals. From here, by steadily trading above the previously breached resistance-into-support 28370, …

Gold opened the weekly trades at a noticeable rise within the expected bullish path during the previous analysis, to touch the target of 1920, and approached the target of 1934, to post its highest level at 1933. Technically, we find that the RSI is stable above the mid-line and supported …

Positive trading dominated the Dow Jones Industrial Average, to record its highest level at 28485. Technically, we see that the index closed its trading above the support level of 28200 with the positive motive of the 50-day moving average in conjunction with positive signs from the RSI. As long as …

The yellow metal opened the current session with a bullish bias within a gradually bullish path. Technically speaking, the current moves are witnessing stability above 1901 resistance level, Fib 61.80%, as seen on the 240-minute chart. We find that the RSI above 50 on short time frames with positive signals …