Tag Archives: technical

The Canadian dollar could trade within the bullish correction tendency indicated during the past weeks, recording the highest level at 12745. However, the intraday movements are witnessing temporary adverse movements that hit the resistance level 1.2730 23.60% correction. Technically, and carefully looking at the 4-hour chart, we notice that the …

Gold prices continued the negative move within the strong profit-taking wave that started with the beginning of last week’s trading, explaining that the stability of trading below the 1799 support level, opening the door to visit the target of 1769, posting a low at 1781. Technically, we notice the price …

The primary resistance levels published during the technical analysis yesterday, represented by our first target for the DAX index at 16,190, were able to limit the bullish bias, forcing the index to trade negatively again after touching the required target. On the technical side, we tend to be negative in …

The Canadian dollar managed to touch the second official target of the bullish corrective slope published during the last analysis, at 1.2720, recording its highest level during the early trading of today’s session 1.2716. Technically and by looking at the 4-hour chart, we notice that the simple moving averages continue …

Gold prices experienced intense selling during the previous session’s trading. As we mentioned during the last analysis, signs of weakness in the bullish trend began to appear, surpassing the second official target 1830, recording the lowest of 1802. Technically, we notice the beginning of a bearish technical structure that supports …

The German DAX index hit the vital supply area published during the previous analysis, at 16,290. We indicated during the last analysis that its breach is a condition of obtaining more rise. Today’s technical aspect indicates the possibility of continuing the daily bearish trend. Still, with a closer look at …

Noticeable positive trades dominated the US dollar against the Canadian dollar within the idea of ​​the expected bullish correction during all reports of the past week, benefiting from establishing a solid support floor around 1.2500, recording the highest level at 1.2662. Technically, the price has consolidated above the support level …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on breaking the 1854 level to target 1835. Gold prices posted the lowest level at the end of last week at 1843. Technically, there is a possibility of …

The German DAX index achieved our first bullish target published during the previous technical report at 16,290, recording its highest level at 16,286. On the technical side, the intraday movements of the index settled above 16,200, accompanied by clear positive signs on the RSI, in addition to the 50-day moving …

The Canadian dollar achieved the first target of the bullish corrective slope at 1.2645, recording the highest during the previous trading session, 1.2647. Technically, the resistance level 1.2645 formed negative pressure areas that forced the pair to retest the psychological barrier of 1.2600. By looking at the 4-hour chart, we …