The German DAX index was able to touch the first target required to be achieved during the previous analysis, at a price of 15,280, recording a high of 15,297. The technical outlook remains unchanged on the German DAX, maintaining positive stability. On the technical side, we find the index is …
Read More »Dow Jones Maintains a Bullish Path
Positive trading returned to dominate the movements of the Dow Jones Industrial Average at the New York Stock Exchange after it succeeded in surpassing the resistance level of 33,800, indicating that this would immediately stop the bearish tendency and lead the index to the official bullish path with an initial …
Read More »Canadian Dollar Retest The Resistance
The negative moves have returned to control the Canadian dollar’s movements, as we expected, explaining that a break of 1.2500 leads the pair to a downside path. Its initial target is around 1.2455, to settle for recording its lowest price during the previous trading session at 1.2476. Technically speaking, the …
Read More »Gold Continue to Recover And Positivity Remains
Gold prices rose significantly, nullifying the negative outlook, as we expected during the previous analysis, touching the stop-loss order published during the previous analysis at the price of 1750. Offsetting the losses of the sell position. On the technical side, today the intraday moves in gold are witnessing stability above …
Read More »Dax Tries to Hold on Above Support
The German DAX index found a strong resistance level around the official target published during the last analysis at 15,310, which forced it to retest the pivotal support level of 15,200. On the technical side, and despite the bearish bias, we find the index is still stable above 15,200 and …
Read More »Dow Jones May Have a Temporary Fall
The Dow Jones Industrial Average touched the first target required to be achieved during the previous analysis, at 33,710, recording a high of 33,797. On the technical side today, we believe that there is a possibility of a negative bias during the coming hours, depending on the negative signs that …
Read More »Canadian Dollar Presses Support
Negative trading dominated the Canadian dollar against its US counterpart, as part of the technique of retesting the support, as we expected, touching the required target of 1.2500. Technically speaking, trading remains below the previously breached support level of 1.2560, supporting the negativity. This comes in conjunction with the negative …
Read More »Gold Faces Strong Resistance
The yellow metal prices failed to surpass the level of the pivotal resistance published during the previous analysis, located at 1749, which forced gold to trade negatively again, to re-test the 1730 support level. On the technical side, trading remaining below the aforementioned resistance increases the possibility that we will …
Read More »German Dax Maintains Positive stability
The German DAX index succeeded in touching the first official target station at the price of 15,310, recording its highest level during the previous trading session at 15,298. On the technical side, with the index continuing to trade above the support level of 15,210/15,200, which is dotted with the continuous …
Read More »Dow Jones Maintains a Bullish Path
The Dow Jones Industrial Average touched our first target required to be achieved during the previous trading session, located at 33,680, approaching a few points difference from the second target 33,740, recording the highest of 33,720. On the technical side, the RSI indicator is trying to hold onto the bullish …
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