A bullish bias continues to dominate the moves of the Dow Jones Industrial Average, to succeed in reaching its highest price during the previous trading session at 33,430. On the technical side today, the index’s movements are still stable above 33,255/33,250 accompanied by the stability of the RSI indicator above …
Read More »Canadian Dollar Continues Bullish Corrective Trend
The Canadian dollar continues to navigate within the expected bullish correctional trend, touching our first target located at 1.2590. Technically speaking, we tend to be positive, depending on the pair’s success in stabilizing an intraday above 1.2540, in addition to building an overall base above 1.2500, and we notice that …
Read More »Positive Gold Looking For Confirmations
Gold prices were about to touch the first target at 1740, few points shy from the second target 1747, to set its highest level during the previous trading sessionn at 1745. Technically speaking, with the intraday trading remaining above 1728, accompanied by the positive stimulus of the 50-day moving average, …
Read More »Bitcoin Tends to be Negative
The current trading of Bitcoin is witnessing a bearish bias, after finding resistance near 58,785, where the current moves are witnessing stability below the aforementioned level. We tend to be negative in the coming hours depending on the RSI losing the bullish momentum. Confirmation of breaking 58,550 puts Bitcoin under …
Read More »German Dax Maintains Positive Side
Positive trading continues to dominate the German DAX index, recording its highest level at 15,207. On the technical side, we tend to be positive, depending on the stability of trading above sub-support 15,120, and in general above the pivotal support floor 15,070, and we find the RSI indicator continues to …
Read More »Dow Jones Maintains an Upward Path
The Dow Jones index continues to maintain its bullish path, recording its highest level during the previous trading session 33,501. Technically, the intraday trading is stable above the support level 33,270 and in general above the pivotal support floor 33,180, factors supporting the upside, as we find the stochastic indicator …
Read More »Canadian Dollar Retest Resistance
Narrow sideways trading, but tilted to the negativity, dominated the Canadian dollar’s moves against its US counterpart, to re-test the pivotal support level at 1.3500. Technically, and with a closer look at the 60-minute chart, we find the pair trying to consolidate above the aforementioned support floor and the RSI …
Read More »Gold Rises On US Dollar Shoulders
The yellow metal prices took advantage of the decline of the US dollar to settle above the psychological barrier of 1700, as part of positive attempts to target a re-test of 1735. On the technical side today, the stability of trading above the sub-support level 1721/1720 increases the possibility of …
Read More »Dax Maintains Bullish Path
The technical outlook remains unchanged, and the German DAX index did not witness much change, maintaining positive stability. On the technical side, today, we hold onto our positive outlook, relying on trading stability above the previously breached resistance 14,970, and in general above 14,870, in addition to the positive signs …
Read More »Dow Jones: The Positive Scenario Still Intact
Mixed trades dominated the movements of the Dow Jones Industrial Average on Wall Street, posting a high during the last session at 33,044. On the technical side, we tend to be positive, relying on the index’s based above the support level of 32,780 and in general above 32,750, in addition …
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