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 …
Read More »Dow Jones Breaks The Support And Negativity Scenario Remains
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 …
Read More »Canadian Dollar: Trying to Consolidate
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 …
Read More »Gold Fails to Breach The Resistance
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 …
Read More »Bitcoin May Witness a Temporary Downturn
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 …
Read More »DAX is Building Above Support
The German DAX index returned to stability above the pivotal support at 15,200, which forced it to rebound to the upside, recording its highest level at 15,280. On the technical side, today we tend to be positive, relying on the stability of trading above 15,200 in addition to the positive …
Read More »Dow Jones Touches The Required Targets
The Dow Jones Industrial Average was able to achieve our bullish targets published in the previous analysis, touching the first target located at 34,040/34,050 and approaching a few points difference from the second target 34,150, to record its highest level at 34,120. On the technical side today, and with a …
Read More »Canadian Dollar: Maintains The Same Technical Conditions
The technical outlook remains unchanged and the pair’s movements have not changed significantly. Technically, we notice the positive attempts of the Canadian dollar to settle above 1.2265, accompanied by the positive crossover signals that began to appear on the stochastic indicator. This makes us think of the possibility of witnessing …
Read More »Gold Builds on Support And Reiterates Bullish Chances
Positive trades returned to control gold’s movements again after it succeeded in building on the solid support floor located at 1771 nullifying the negative outlook expected during the previous analysis touching the stop loss order at the price of 1780. It will stop the negative outlook, and gold will return …
Read More »Bitcoin Waiting For Pending Orders
The positive moves returned to control Bitcoin prices, nullifying the positive outlook, as we expected, and to remind us, we indicated during the previous analysis that the return of stability in trading again above 54,240 leads Bitcoin prices to rise again, with a target of 54,720, and then 55,690 to …
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