Tag Archives: technical

Negative trading dominated the German DAX index, nullifying the positive outlook, as we expected, in which we relied on the stability of the index price above the pivotal support level 15,200 explaining that breaking the aforementioned level will stop the bullish trend and lead the price to visit 15,160 and …

Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous session within a bearish context to the downside, recording its lowest level at 33,627. On the technical side today, and despite the bearish bias, we find the RSI indicator still defending the upside bias, accompanied by …

The Canadian dollar was able to touch the target to be achieved and mentioned in the previous report, located at 1.2275, recording its lowest level at 1.2275. Technically, and by looking at the 60-minute chart, we find the price is stable below the previously broken support-into-resistance level at 1.2330, accompanied …

The yellow metal prices failed to surpass the resistance level of 1784, which we mentioned during the previous analysis that it is still holding a strong obstacle to gold, to return to present negative trading at 1755. On the technical side, the current movements of gold are witnessing a return …

Bitcoin prices were able to achieve noticeable gains during the previous trading session, touching the first target published during the previous analysis, located at 55,760 and approaching the second target 56,510, to settle for recording its highest level at 56,343. Technically speaking, the possibility of a continuation remains due to …

The German DAX index maintained positive stability, benefiting from the stability above the support level of 15,200. On the technical side today, we tend to be positive, with the success of the index building on the aforementioned floor, the 50-day moving average supports the continuation of the rise to visit …

The Dow Jones Industrial Average declined in the New York Stock Exchange during the previous trading session, after hitting the resistance level of 33,870. Despite the bearish bias, the index managed to settle above the support level published during the previous report, located at 33,660, and we find that the …

The Canadian dollar retreated significantly during the last session’s trading within the expected negative outlook, in which we relied on confirming a break of 1.2380, heading directly to touch our waited target at 1.2320, recording the lowest at 1.2310. Technically speaking, and with the Canadian dollar failing to maintain the …

Gold prices were able to successfully retest the pivotal support at 1765, to resume the bullish rebound, attempting to retest 1784 resistance. On the technical side, today, we find the RSI stable above the middle line, enhancing the chances of a bullish move, and we find the price stable above …

The support levels published in the previous analysis at 55,120 managed to limit the bearish bias, which forced Bitcoin to rebound again. Today we are biased towards the positivity, relying on the positive motive of the 50-day moving average, in addition to the price temporarily stabilizing above 52,230. Confirming the …