Tag Archives: Forex

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 …

building on the strong support mentioned in the previous analysis at 27700. Technically, as the index continues to receive positive signals from the RSI, it coincides with the positive signals from the 50-day moving average. This encourages us to hold onto our positive outlook, knowing that trading above 28355 confirms …

The technical outlook for gold has not changed, nor has there been any significant change in its movement still in sideway moves. Technically, looking at the 4-hour chart, we find that the RSI supports the downside moves, in addition to the confirmation of gold’s breach of 1901 support, which turned …

The dollar held steady on Wednesday as it tipped lower against most currencies after initially jumping after President Donald Trump canceled talks on economic stimulus with Democratic lawmakers in a move boosting demand for safe-haven assets. Trump’s sudden decision to suspend stimulus talks until after the Nov. 3 presidential election …

The Dow Jones Industrial Average managed to achieve our bullish targets located at 28190, just shy of 28240, recording its highest level at 28230. Technically, despite the bearish trend, we are biased towards negativity, relying on negative signs appearing on the RSI and staying below the 50 midline. Therefore, we …

Gold prices fell as we expected yesterday to touch the target to be achieved at 1892. We indicated that breaking the aforementioned level forces gold to continue declining towards 1874, posting low at 1872. Technically, looking at the 4-hour chart, we find that the RSI supports the downside moves, in …

The Dow Jones Industrial Average jumped on Wall Street yesterday, posting strong gains, surpassing the previous target we mentioned of 27880, to hit a high of 28085. Technically, we expect the upside move based on the breach of 27765 resistance, which has turned into strong support, in addition to positive …