Tag Archives: technical

Positive trades dominated the movements of the German DAX index to retest the 16,110 resistance level after it built on a 16,030 support level. On the technical side, today, we tend to the positivity, but with caution, relying on the positive stimulus coming from the 50-day moving average, in addition …

The Canadian dollar gathered bullish momentum within the expected bullish corrective path after confirming the breach of 1.2470, heading towards touching the first official target of the bullish correction wave at 1.2580, recording its highest level during the early trading of the current session at 1.2600. Technically, and with the …

Gold’s movements witnessed a bullish tendency during the last trading session within the attempts that aimed to retest the main resistance level at 1768. However, the price is still seeing stability below the mentioned level. On the technical side, gold hit the 1867 resistance level represented by the 23.60% Fibonacci …

Negative trading dominated the German DAX index, maintaining the negative path, recording a low at 15,977. Technically, we tend to be negative, relying on the clear negative signs on stochastic and losing the bullish momentum and the stability of the intraday trading below the resistance level 16,085. Therefore, completing the …

The Canadian dollar was able to maintain the expected bullish corrective path, which we relied on in the stability of trading in general above the 1.2370 support, in addition to breaching 1.2480, explaining that this helps the pair maintain positive stability, targeting 1.2530 to record the highest at 1.2515 during …

Mixed trading dominated gold prices within a mixed context. We have indicated during all reports of this week that the levels of risks may be high. Explaining that any trading above the critical resistance 1830 and most notably 1835 can consolidate gold gains for the extended target 1860, to record …

As we expected during yesterday’s technical report, the German DAX index declined within the bearish path, touching the first awaited target at 16,000, recording the lowest of 15,999. On the technical side, today, we are inclined to the negativity, relying on the clear negative signs on stochastic and losing the …

The technical outlook is unchanged, and the movements of the Canadian dollar did not change significantly, trying to maintain the bullish corrective path, stable intraday above 1.2400, and in general above 1.2370, the 61.80% Fibonacci correction as shown on the chart. Technically, the stochastic is trading with negativity, and the …

During the previous analysis, a quiet rise in gold prices within the expected bullish path, touching the first official leg of the current rally at 1830, recording its highest level at 1832. Technically, looking at the 4-hour chart, we see that the current movements are witnessing stability below the pivotal …

The German DAX index managed to achieve good gains during the first trading sessions of this week, recording its highest level around the strong resistance level 16060. On the technical side, we are inclined in our trading to the negative, relying on the stability of the intraday trading below the …