Tag Archives: technical

Positive trading regained control of the movements of the German DAX index after finding solid support floor around 14,960. Technically, we tend to be positive in our trades on short intervals, relying on the intraday trading above 15,110 accompanied by the positive crossover of the stochastic indicator. Therefore, we target …

The Dow Jones Industrial Average traded positively during the previous trading session, benefiting from the return of the price base above the support level of 34,050, and in general above 33,950. On the technical side today, and with a closer look at the 60-minute chart , the bullish scenario is …

Tight sideways trading is still dominating the Canadian dollar, with little change, continuing in its attempts to stabilize above the support level of 1.2260. Technically, and with a closer look at the 60-minute chart, we find the SMA 50 came back to pressure the price again and it still constitutes …

The sideways trading is still dominating gold’s movements within a sideways range confined from the bottom above the support level 1770 and from below below the resistance level of 1784. On the technical side, we witnessed a successful retest of the support level of 1770, which forced the price to …

Negative trading dominated Bitcoin’s movements, re-testing the support mentioned in the previous analysis, through which we aimed to re-test 55,800, to reach lowest level at 53,236. On the technical side, we find the stochastic indicator started losing bullish momentum, in addition to the negative pressure of the 50-day moving average. …

The German DAX index declined significantly after failing to maintain the trading level above the solid support floor 15,200, explaining that breaking the aforementioned level is able to completely thwart the bullish scenario and put the index price under negative pressure targeting 15,150, and then 15,055, to reach its lowest …

The Dow Jones Industrial Average retreated significantly during the previous trading session, nullifying the positive outlook and touching stop-loss published in the previous analysis at the price of 33,860. As a reminder, we indicated that any attempts to break the aforementioned level will stop the bullish tendency and put the …

The consolidation scenario published in the previous analysis succeeded in supporting the Canadian dollar’s attempts to rise, touching the first target 1.2310, and approaching a few points difference from the second target 1.2375, to record the highest around the previously breached support level and turned into the resistance level at …

Gold prices were able to approach a few points difference from the first official target published in the previous analysis, located at the price of 1800, to record its highest level during the previous session’s trading in 1798. On the technical side, gold prices found a strong resistance level around …

Positive trading dominated the movements of Bitcoin during the previous trading session, explaining that the confirmation of the breach of the resistance level 57,180 facilitates the way to visit 58,165, and then 59,100, recording its highest price of 58,860. On the technical side, today we may witness a bearish tendency …