Tag Archives: technical

Due to the conflicting technical signals, we remained neutral during the previous session to witness the current movements of the German DAX index with an upward bias. On the technical side, trading today settled above the support level 15,760/15,750, accompanied by the index getting an incentive from the 50-day moving …

The Canadian dollar failed to maintain trading above the strong support level published in the previous report at 1.2580; we made it clear that breaking the mentioned level extends the pair’s losses and puts the price under negative pressure to touch the first descending target of 1.2550, recording the lowest …

Gold prices continue to move sideways for the fourth consecutive session, trying to maintain the bullish bias. Technically, and with careful consideration of the 4-hour chart, we find the 50-day moving average that supports the bullish curve in prices, in addition to the stability of trading in general above the …

The current moves of the German DAX index are witnessing a bearish tendency after it hit the resistance level of 15,980 within a bearish slope that is close to retesting the support level of 15,750. On the technical side, there is a conflict between the technical signals, the stability of …

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining positive stability. Technically, and by looking at the chart, we find Stochastic is trying to get rid of the current negativity, in addition to stabilizing trading above 1.2580. This increases the possibility that we will witness …

Gold prices are witnessing sideways trading in a narrow range that tends to be positive, gradually approaching the pivotal resistance level of 1823, which was previously referred to as the key to continuing the bullish trend, recording a high of 1820. Technically, by looking at the 4-hour chart, we find …

The German DAX index managed to achieve decent gains during the previous trading session, attacking the psychological barrier of 16,000. On the technical side, today’s movements are witnessing an upward bias on positive stimulus from the 50-day moving average, in addition to the stability of trading above 15,750. Therefore, we …

The Canadian dollar successfully retests the pivotal support published in the previous analysis, at 1.2580, concluding its daily trading above the mentioned support. Technically, and by looking at the chart, we find Stochastic is trying to get rid of the current negativity, in addition to trading above 1.2580. This increases …

We stayed on the fence during the previous analysis due to the conflicting technical signals, clarifying that the pivotal support level 1799 represents the key to protecting the bullish trend.  Technically, the 50-day moving average is still a hurdle and holds the price from below, coinciding with the clear positive …

The Canadian dollar is struggling to maintain trading above the 1.2590 support level, which forced it during the last trading session to retest the 1.2635 resistance. Technically, and by looking at the 4-hour chart, we find the 50-day moving average starting to pressure the price from above, accompanied by the …