Tag Archives: technical

Positive trading dominated the prices of the yellow metal yesterday, nullifying the negative outlook as we expected and touching the stop losses order published during the previous analysis at 1771; we indicated yesterday that any attempts to breach the 1771 resistance level could postpone the bearish bias and we witness …

Negative trading dominated the German DAX index, recording its lowest level during the previous trading session, around 14,966. Technically, the current moves are witnessing a slight bullish slope that aims to gather the price to retest the 15,360 level before resuming the decline again. RSI supports the aforementioned bullish corrective …

Mixed trading dominated the Canadian dollar’s movements yesterday, affected by the Canadian elections, Heading to 1.2860, to record the highest at 1.2895. Technically, and by looking at the chart, we find stochastic is trying to get rid of the current negative signs, and we find the price is stable intraday …

Yellow metal witnessed Positive attempts during the previous trading session, after several consecutive sessions of losses, retesting the resistance level published in the previous analysis located at 1768. Technically, the current trading is still stable below 1768, 61.80% Fibonacci correction and the simple moving averages are still pressing the metal, …

The Canadian dollar achieved substantial gains last week, touching the first target required to be achieved in the previous analysis, which is located at 1.2770, to start its daily movements positively, recording the highest 1.2800. Technically, today, the bullish trend is still valid and effective, relying on the stability of …

The yellow metal prices were subjected to solid selling pressure due to the rise in the US dollar to be able to touch the target mentioned in the previous analysis, at 1745, recording its lowest level at 1742. On the technical side today, by looking at the 4-hour chart, we …

The current movements of the German DAX index are witnessing an upward trend, benefiting from stability above the 15,630 support level. On the technical side, we tend to the positivity, relying on stability above the mentioned support and the RSI’s attempts to obtain bullish momentum above the 50 mid-line. Therefore, …

The Canadian dollar maintained its positive stability above the pivotal support level published during the previous report, at 1.2600, to return to test the resistance level of the psychological barrier of 1.2700. Technically, we see the pair now hovering around the 1.2665 resistance level represented by the 61.80% Fibonacci, trying …

Gold prices incurred huge losses during the last trading session within the negative outlook as we expected. Therefore, we relied on confirming the breach of 1784, heading towards touching the official target station 1768, on recording its lowest level at 1745. Technically, trading stabilizing below the previously broken support-into-resistance level …

The German DAX index touched our bearish targets at 15,645, heading towards the second target of 15,610. Technically, the current moves are witnessing a slight bullish slope. We see that the index is trading above the 15,620 support level, accompanied by stochastic attempts to eliminate the present negativity. Therefore, the …