The German DAX index incurred strong losses during the last session’s trading, after it succeeded in breaking the support of 14,350, we made it clear that will extend losses and open the door to 14,285 and 14,185, respectively, to record its lowest price of 14,041. Technically, we notice positive crossover …
Read More »CAD bounce back 7/4/2022
The Canadian dollar managed to rebound upwards during the previous session, touching the official target at 1.2560, to record the highest level at 1.2560. Technically, and carefully looking at the 4-hour chart, we notice that the pair is stable above 1.2500, accompanied by the positive motive for the 50-day moving …
Read More »Gold unchanged 7/4/2022
Gold prices did not provide little change in mixed trading, the movements are still stuck within a sideways range, as we indicated during the previous analysis, confined from the bottom above the 1925 support level and from above below the 1940 resistance level, which succeeded in limiting gold’s rises during …
Read More »Germany’s DAX fails to maintain gains 6/4/2022
During the previous analysis, the German DAX index declined to reflect the expected bullish trend, only to record its highest level during the last session’s trading at 14,620. Technically, today, the current movements of the index are witnessing the price’s pivot below the 14,500 area, most importantly below 14,550, and …
Read More »CAD tries to bounce back 6/4/2022
The Canadian dollar declined noticeably during the last trading session within the expected bearish context, explaining that the breach below the 1.2470 support floor increases the negative pressure on the pair to touch 1.2370, recording a low at 1.2400. Technically and by looking at the 4-hour chart, we notice the …
Read More »Gold is still stuck and all eyes are on the Fed 6/4/2022
Gold prices managed to achieve the first goal published during the last analysis in 1918, after it succeeded in touching the support floor of 1925, as we explained previously, recording its lowest price in 1917. Gold’s movements are still stuck within a sideways range, as we mentioned during the previous …
Read More »German Dax Building on Support 5/4/2022
Positive trades dominated the movements of the German DAX index on the Frankfurt Stock Exchange, building on the 14,450 support level, recording the highest, around 14,590. Technically, by looking at the 60-minute chart, with the stability of trading above the mentioned support, accompanied by the indicator obtaining positive signals from …
Read More »CAD is Confused 5/4/2022
The Canadian dollar found it challenging to break the critical support floor for the current trading levels at 1.2470, representing one of the most critical directional keys that helped it retest 1.2540. Technically, and by looking at the 4-hour chart, we notice the pair’s attempts to gain additional momentum from …
Read More »Gold is waiting for a new confirmation signal 5/4/2022
Prices of the yellow metal were able to touch the first target required, in which we relied on confirming the break of the strong support floor 1925, targeting 1915 initial stations, recording its lowest level at 1915. Technical Vision The intraday movements of gold are witnessing a return to stability …
Read More »CAD Trying to Get Positive Signals 4/4/2022
The Canadian dollar’s trying to obtain more bullish momentum to continue working within the bullish correction, benefiting from building a base on the 1.2465 support floor, trying to stabilize above the psychological barrier of 1.2500. Technically, and with careful consideration of the 4-hour chart, we find attempts by the 50-day …
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