Tag Archives: technical

The technical outlook is unchanged, and there has been no significant change in gold’s movements, maintaining the same technical conditions within the short trend, with unclear targets so far. Technically, despite the temporary bullish bounce, gold prices are still moving within an unclear short direction, between minor corrections, detected from …

The German DAX index jumped, achieving substantial gains, recording its highest level at 15,840 after breaching the resistance level of 15,480. Technically, we are inclined to the positivity, relying on the stability of trading above 15,480, accompanied by the positive motive of the 50-day moving average, and stochastic around the …

The Canadian dollar achieved the expected negative outlook during yesterday’s trading session, touching the second target around 1.2665, recording its lowest level at 1.2635 during the morning trading of the current session. Technically, the pair broke the strong support level 1.2730, 23.60% correction, and the mentioned level turned into a …

Gold prices managed to touch the first bearish target mentioned in the previous technical report, at 1774, recording its lowest price of 1772, to return to the bullish rebound, taking advantage of the strong demand area. The technical aspect today is as it is. Despite the temporary bullish bounce, gold …

The Canadian dollar found a strong resistance level of around 1.2840, which forced it to trade negatively again, and hovers around retesting the strong support level at 1.2730. Technically, and carefully considering the 4-hour chart, we find the pair hovers around 1.2730, represented by the 23.60% Fibonacci correction, and the …

Gold prices are still trading within a short trend that tends to the downside. However, the dominant feature is still unclear, as the current moves are witnessing a bearish tendency that is gradually approaching the 1774 support level. Technically, By looking at the 60-minute chart, we notice that the momentum …

Positive trades dominated the movements of the German DAX index, recording its highest level at the end of last week’s trading at 15,432. Technically, we tend to the negativity, but with great caution, relying on the stability of trading below the resistance level 15,250, in addition to the negative pressure …

The Canadian dollar maintained its gains within the expected positive outlook during the last analysis, touching the target to be achieved last Friday at 1.2850, recording its highest level at 1.2854. Technically, still witnessing intraday stability above the psychological barrier of 1.2800, accompanied by positive stimulus from the 50-day moving …

The yellow metal showed positive movements supported by the decline of the US dollar after the US employment data, to record its highest level at 1786, after recording the lowest around the strong demand area at 1761. Technically, trading stability is above 1768, 61.80% Fibonacci correction, as shown on the …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the expected bullish path after building a good support floor around 1.2760 and, most importantly, 1.2730. Technically, the bullish trend is still valid, depending on the stability of daily trading above the strong support level at …