The technical outlook is unchanged, and there was no significant change in gold’s movements, maintaining the same technical conditions for the previous session. On the technical side today, looking at the 60-minute chart, we find that the RSI is trying to get positive signs to get bullish momentum. On the …
Read More »German Dax Returns to The Bullish Rebound
Positive trading re-dominated the movements of the German DAX index, recording its highest level during the early trading of the current session at 15,637. On the technical side, by looking at the 60-minute chart, we find that the RSI continues to defend the bullish trend within attempts to obtain bullish …
Read More »Dow Jones Start Positive
Positive trading returned to dominate the movements of the Dow Jones Industrial Average on Wall Street, benefiting from building on 32,940 support level. On the technical side today, and with a closer look at the 60-minute chart, we find that the RSI continues to defend the positive moves. From here, …
Read More »Canadian Dollar: Witness Temporary Negative Pressure
The Canadian dollar traded with the first trading of this week within a slight bearish slope, after several consecutive sessions of corrective ascent. From the point of view of technical analysis today, and with careful consideration of the stochastic indicator, we find that the indicator is clearly trading around oversold …
Read More »Gold Between Trend, Correction, And Negativity Based Scenario
Positive trades dominated the gold price movements during the previous trading session, within a limited upward bias to retest the 1790 resistance level. On the technical side today, looking at the 60-minute chart, we find that the RSI is trying to get positive signs to get bullish momentum. On the …
Read More »Dow Jones Settles Below Support
The Dow Jones Industrial Average incurred noticeable losses, negates the bullish corrective path as we expected, touching the stop losses order published in the previous analysis at 33,650. On the technical side, we tend to negativity, based on the stability of the RSI below its mid-line 50, coinciding with the …
Read More »Canadian Dollar: Continues The Bullish Trend
A noticeable bullish push for the Canadian dollar achieved strong gains within the bullish corrective slope, as we expected during the previous analysis, touching the required official target of 1.2465, recording the highest price at 1.3481. Technically, the bullish trend is still a valid scenario, with the pair’s success in …
Read More »Gold is Macing More Selling Pressure
We adhered to intraday neutrality during the previous analysis, explaining that resuming the decline requires stability below 1800, in addition to confirming the break of 1768, so that gold managed to approach the desired target 1759, recording its lowest level at 1760. Today’s technical outlook indicates the possibility of continuing …
Read More »German Dax Facing Negative Pressure
The current movements of the German DAX indicators are witnessing a bullish bias, benefiting from building at the 15,650 support level. We tend to the negative in our intraday trading, but with caution, relying on the clear negative signs on stochastic and gradually losing the bullish momentum. Therefore, the bearish …
Read More »Dow Jones May Witness Attempts to Recover
The Dow Jones Industrial Average witnessed negative trading during the previous session, after finding a strong resistance level around 34,070. On the technical side, we tend to be positive, but cautiously, relying on the index’s success in stabilizing intraday above 33,650, accompanied by the RSI’s continuous attempts to obtain bullish …
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