The Dow Jones industrial average found a strong resistance level around 32,850, after several consecutive sessions of incline, as the current movements of the index witnessed a slight bearish slope due to the stability of intraday trading below 32740. Technically speaking, today indicates the possibility of a temporary bearish bias …
Read More »Canadian Dollar Trying to Maintain a Gradual Rise
The Canadian dollar succeeded in its gradual rise to the upside, approaching a few points difference from the first target required to be achieved at 1.2560, recording a high of 1.2550. Technically, and with a closer look at the interval chart, we find the pair managed to build a base …
Read More »Gold Looking For a More Powerful Trend
Mixed trades are still dominating gold prices as a result of the price retreating from the bottom above the 1720 support level and from below the 1747 resistance level. On the technical side today, and by looking at the 4-hour chart, the glory of the 50-day moving average will hold …
Read More »Dow Jones Towards Positive Side
The Dow Jones Industrial Average jumped on Wall Street to achieve strong gains, registering its highest price during the last session’s trading 33113. On the technical side, the current trading of the index is witnessing a bearish downward slope, as a result of the intraday trading stability below the resistance …
Read More »Canadian Dollar Starts a Bullish Rebound
The Canadian dollar found a solid support floor around the psychological barrier support level of 1.2400, to return to the bullish rebound, recording its highest price at 1.2527. Technically speaking, and with a closer look at the chart, we find the pair managed in breaching the resistance level for the …
Read More »Gold Has Random Moves and Pending Orders Awaits
Mixed trades dominated the movements of the yellow metal within a stable random context from above below the resistance at 1755 and from below above the support at at 1720. On the technical side today, we find the 50-day moving average pressuring the price from the top, in addition to …
Read More »German DAX Maintains Bullish Path
The German DAX index maintains positive stability, recording its highest level during early trading for the current session 14,561. Technically, we tend to be positive in our trades depending on the positive motive coming from the 50-day moving average, in addition to trading stability above the support level of 14,480 …
Read More »Dow Jones Continues to Maximize Gains
The Dow Jones Industrial Average on Wall Street jumped within the expected upward trend during the previous analysis, touching the first target to be achieved at 32,680, heading towards the official target station of 32,820, recording a high of 32,840. On the technical side, today, we hold onto our positive …
Read More »Canadian Dollar Continues to Achieve The Descending Targets
The Canadian dollar incurred noticeable losses within the expected downside path, touching the first official leg targeted during the last analysis, at a price of 1.2460, recording its lowest level at 1.2455. Technically speaking, and with a closer look at the 4-hour interval, and with the continued negative pressure coming …
Read More »Gold Trying to Hold Above Support
Mixed trades dominated gold’s movements last Friday within a bullish context, after it found a strong support level around the psychological barrier 1700, to rebound to the upside to re-test the 1732 resistance level. Technically speaking, and with a closer look at the chart, we find the 50-day moving average …
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