Gold prices achieved the expected bearish scenario, approaching a few points from the official station required to be touched around 1916, recording its lowest level in 1917. Technically speaking, and by looking at the 4-hour chart, we find the simple moving averages continuing the negative pressure on the price from …
Read More »Germany’s DAX makes notable gains 29/3/2022
The German DAX index jumped, achieving noticeable gains, as we expected, touching our awaited target of 14,555 to record its highest level, 14,644. On the technical side, today, we tend to the positivity, relying on the stability of trading above the support level of 14,360 and the positive stimulus coming …
Read More »CAD touches the bullish corrective target 29/3/2022
As we expected, a bullish corrective bias dominated the Canadian dollar’s movements yesterday, touching the corrective target at 1.2590, recording the highest price at 1.2592. Technically, we notice that the pair succeeded in building a base of 1.2480 support, located around the 50.0% Fibonacci correction, accompanied by the clear positive …
Read More »Gold achieves the bearish target 29/3/2022
Gold prices declined noticeably within the expected bearish path, touching the main target at 1925, recording its lowest level in 1917, after finding a solid level around 1960. On the technical side, today, with the return of the simple moving averages, pressure on the price from above, supporting the bearish …
Read More »Germany’s Dax is trying to get more momentum 28/3/2022
The German DAX index witnessed positive trading last Friday, as we expected, surpassing the target to be touched at 14,430, recording the highest at 14,444. Technically, and carefully looking at the 4-hour chart, we notice the 50-day moving average that has returned to hold the price from below. We also …
Read More »CAD trying to build on support 28/3/2022
The Canadian dollar succeeded in touching the official price stop required during last Friday’s trading at 1.2480, recording its lowest level at 1.2465. Technically, the pair is trying to build on the 1.2480 level represented by the 50.0% Fibonacci correction, as shown on the chart. We also noticed positive crossover …
Read More »Gold is building on support 28/3/2022
The 1964 resistance levels limited the bullish bias, which formed strong supply areas that forced gold prices to retest the previously breached resistance-into-support level around 1942. On the technical side, the current gold movements are witnessing stability around the lowest level during the Asian session, around 1942, and by looking …
Read More »German DAX Building on Support 25/3/2022
Positive moves dominated the German DAX index’s movements yesterday, building on solid support floor 14200, which we previously mentioned as one of the most important directional keys. On the technical side, the 50-day simple moving average has returned to hold the price from below, as we find the 14-day momentum …
Read More »CAD Continues to be negative 25/3/2022
Noticeable negative trades dominated the movements of the Canadian dollar within the expected official bearish direction, explaining that trading below 1.2560 opens the way for the pair to visit 1.2480, to be satisfied with recording the lowest 1.2509. From the angle of technical analysis today, and by looking at the …
Read More »Gold Touched The Target 25/3/2022
Gold prices maintained their gains as we expected to reach the official target at 1960, recording its highest level of 1966.00. Today’s technical vision indicates the possibility of resuming the rise, with the price confirming the breach of the 1943 resistance-into-support level and the positive signals coming from the 14-day …
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