Strong declines dominated the movements of the Dow Jones Industrial Average yesterday within the bearish path mentioned in the previous analysis, touching the official target station at the price of 31150, recording the lowest price of 30985. On the technical side today, with the index falling to maintain trading above …
Read More »Dax Touches Desired Targets
The German DAX index succeeded in achieving the second target to be touched during the previous analysis, located at a price of 14,170, to succeed in reaching its highest level at 14,193. On the technical side today, we tend to be positive in our trading, relying on the stability of …
Read More »Canadian Dollar Continue to Rise
The Canadian dollar’s efforts continue to maintain the bullish trend within a gradual rise to the downside, approaching our first target required to be achieved during the previous analysis, 1.2680, recording the highest of 1.2675. Technically speaking, we find that the pair maintains stability above the 50-day moving average that …
Read More »Gold Continues Negative Path
Strong negative trades dominated gold prices during the previous trading session within the expected bearish context, gradually approaching the target of 1697, recording the lowest price of 1700. On the technical side today, the intraday trading remains below 1620 and the most important 1626 supports the negativity. By looking at …
Read More »Bitcoin Waiting For a Clearer Trend
Positive trades dominated Bitcoin during the previous trading session, after finding a support floor around 48,820. Technically, we find the 50-day moving average holding the price from below, coinciding with the positive signs of the RSI, on the other hand, we find the stochastic indicator trading around overbought areas. Conflicting …
Read More »German Dax Maintains Gains
The German DAX index succeeded in achieving noticeable gains within the expected bullish path in the previous analysis, touching our awaited target at 14080, reaching its highest level at 14096. Technically speaking, the index succeeding in building a base on 13945 support floor accompanied by the positive stimulus of the …
Read More »Dow Jones Tends to Negative Intraday
Mixed trades dominated the movements of the Dow Jones Industrial Average on Wall Street, to settle for recording a low of 31280. On the technical side, we see the index is stable below the pivotal resistance published during the previous analysis 31,635/31,640, and we find the RSI indicator continues to …
Read More »Canadian Dollar Trying to Consolidate
Mixed trades dominated the Canadian dollar’s movements during the previous trading session and is still confined, from the bottom above 1.2600 and from the top below 1.2700. Technically speaking, the pair is turning around the support level at 1.2640, trying to build a base above the 50-day moving average. We …
Read More »Positivity of Gold Still Limited
Gold prices rebounded to the upside, taking advantage of building a base on the strong support floor located at 1714, to retest the 1740 resistance level. On the technical side, and by looking at the chart, despite the bullish tendency, we still tend to be negative, relying on the negative …
Read More »Bitcoin Trading Negatively
Negative trades dominate Bitcoin’s movements in the short time periods, after finding a solid resistance level around 49300. Technically speaking, we tend to be negative, depending on the stability of trading below the aforementioned resistance, in addition to the negativity of the Stochastic indicator. Confirmation of breaking the 48410 level …
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