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 …
Read More »Canadian Dollar Built on Support
The support level published during the previous analysis, located at 1.2540, succeeded in limiting the bearish bias that the Canadian dollar witnessed during the previous session, to succeed in retesting the aforementioned support and starting the bullish rebound again. From technical analysis, the RSI indicator provides clear positive signals, in …
Read More »Gold Trying to Recover
The yellow metal prices recovered during the previous trading session, nullifying the negative outlook as we expected, in which we depended on the stability of trading below the level of 1691 touching the stop-loss order published in the previous analysis, The return of price stability above 1691, a correction of …
Read More »Germany’s Dax Maximizes Gains
The German DAX index was able to surpass the required official target at 14,995, to record its highest price at 15042. On the technical side, we hold onto our positive outlook, relying on trading stability above the previously breached resistance at 14,925 in addition to the positive signs coming from …
Read More »Dow Jones Looking For Additional Momentum
The technical outlook remains unchanged while the Dow Jones Industrial Average attempts to hold onto its recent gains today. Technically speaking, it indicates the possibility of continuing to rise. With a closer look at the 60-minute chart, the RSI indicator continues to defend the upside, and this comes along with …
Read More »Canadian Dollar Maintains a Gradual Rise
Narrow range sideways trading tends to be positive, and the Canadian dollar maintains the bullish context within the awaited bullish correctional trend. From a technical analysis, we find that the pair managed to build an intraday above the support level of 1.2580, accompanied by the positive stimulus of the 50-day …
Read More »Gold Prices Continue to Decline
Gold prices retreated significantly within the bearish trend, as we expected, explaining that trading below 1691 extends gold’s losses, opening the way to visit 1685, recording its lowest price of 1678. Technically, and by looking at the chart, the current prices of the yellow metal are witnessing stability below the …
Read More »Bitcoin Facing Temporary Negative Pressure
The current movements of Bitcoin are witnessing a bearish bias after it found a strong resistance level near 57,770, stable near its lowest level at 57,460 In our trading, we tend to be negative, depending on the emergence of negative aspects on Stochastic, in addition to the RSI stability below …
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