Positive trading dominated gold prices during the previous session, nullifying the negative outlook as we expected and touching the stop-loss order published in the previous analysis at 1780, and to remind us, we indicated during the previous analysis that the confirmation of the breach of the 1780 level is capable …
Read More »Dax Suffering Strong Losses And Selling Pressure Continues
The German DAX index suffered big losses within the negative outlook mentioned in the previous analysis, touching our targets located at 15,260, to record the lowest at 15,120. On the technical side today and with the continued negative pressure coming from the simple moving averages, in addition to trading stability …
Read More »Dow Jones Continues Touching Descending Targets
The Dow Jones Industrial Average declined significantly during the previous trading session within the expected bearish path mentioned in the previous analysis, touching the official target station at 33,780, recording its lowest price 33,570. On the technical side, we notice that there is a clear breach of the support level …
Read More »Canadian Dollar: Breaking Resistance And Bullish Corrective Bias Remains
Positive trading dominated the Canadian dollar’s movements yesterday within the expected bullish path, in which we depended on the breach of 1.2550, indicating that this is a catalyst that strengthens the bullish chances of touching the first target of 1.2610, recording a high of 1.2623. Technically, and with a closer …
Read More »Gold Touches Target And Retest of The Support Still Intact
Gold prices faced negative pressure as we expected during the previous analysis, touching our first target at 1765, recording the lowest price of 1763. Technically speaking, and by looking at the 60-minute chart, we find that the RSI indicator began to gradually lose the bullish momentum, accompanied by the obvious …
Read More »Dax Hits The Resistance
The German DAX Index approached the first target at 15,530, to settle for recording a high of 15,513. On the technical side, the index found a strong resistance level around 15,500 under pressure from the negative signs of the RSI on short time frames, coinciding with the negative signs coming …
Read More »Dow Jones May See a Temporary Decline
Negative trades dominated the Dow Jones Industrial Average on Wall Street during the previous trading session, to settle for recording its highest level around the 34,050 resistance level. On the technical side, today we find negative signs appearing on Stochastic, accompanied by negative signs coming from the RSI. From here, …
Read More »Canadian Dollar: Looking For Extra Momentum
We committed to intraday neutrality during the previous analysis due to the contradictory technical signals, and the Canadian dollar is still building on the support floor of 1.2470. Technically speaking, we tend to be positive, depending on the attempts of Stochastic to obtain additional momentum, in addition to the intraday …
Read More »Gold Touches Target And Retest of The Support Still Intact
Gold prices were able to continue achieving gains, as we expected during the previous trading session, approaching a few points difference from the first official leg located at 1794, to record its highest level of 1790. Technically, and with a closer look at the 60-minute chart, we find that the …
Read More »Bitcoin Tends to be Negative
Negative trading dominated Bitcoin’s prices within the expected bearish context, through which we aimed to re-test 62,430, recording its lowest level at 59,920. On the technical side, the pressure coming from the 50-day moving average supports the possibility of a reversal, on the other hand, signs of a positive crossover …
Read More »