Tag Archives: technical

Gold prices succeeded in touching the first official target published during the last analysis at 1781, recording its lowest level at the end of last week’s trading of 1782. On the technical side, gold’s current moves are witnessing stability below the previously broken support-into-resistance level 1797, 50.0% Fibonacci correction as …

Negative trading dominated the movements of the German DAX index after it found a strong resistance level around 16,140, which forced it to trade negatively again and hover around its lowest level during the early trading of the current session 15,970. On the technical side, the bearish bias may be …

The Canadian dollar declined after it hit the resistance of the psychological barrier 1.2800 and failed to stabilize for a long time above it, return to trading with a clear negative and retest the support level of the psychological barrier 1.2700. Technically, by carefully looking at the 4-hour chart, we …

Prices of the yellow metal declined noticeably during the previous trading session after it started to pressure the support level published during the last report, at 1797, gradually approaching the target of 1777, recording the lowest price of 1786. Technically, today, we notice the continuation of the negative pressure from …

The Canadian dollar built on the pivotal support floor published during yesterday’s analysis, at 1.2670, which forced the pair to rebound to the upside to retest the psychological resistance level of 1.2800. technically, with the positive motive for the 50-day moving average, which returned to hold the price from below, …

Positive trading dominated the prices of the yellow metal during yesterday’s session within the expected positive outlook, touching the second official target station at 1827, recording the highest of 1829. On the technical side, gold prices hit a strong resistance area, which forced the price to move negatively again. With …

The German DAX index managed to touch the official bullish target required to be achieved during the last report at 16185, recording its highest level at 16,188. On the technical side, and carefully looking at the 60-minute chart, we tend to be positive, but very cautiously, relying on the price’s …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on trading below the strong demand level of 1.2700. We are witnessing a negative trading session with the initial target of retesting 1.2640. CAD is recording its lowest …

The pivotal support levels published during the previous analysis at 1797, representing the key to protecting the bullish trend, managed to push the price to the upside, recording its highest level of 1816. Technically, by looking at the 240-minute chart, we notice that the 50-day moving average is holding the …

The German DAX index started today’s trading session with a noticeable positivity, recording its highest level during today’s morning trading around 16,056. Technically, the daily trend tends to the upside as a result of the DAX getting a positive stimulus from the 50-day moving average, in addition to the positive …