Positive trading dominated the movements of the German DAX index within the expected upward path, touching the official target station of 14,000, to record a high of 14,030. On the technical side today, with the price stabilizing above the support level of 13, 920 and in general above 13, 870 …
Read More »Dow Jones Re-test Support
The Dow Jones Industrial Average succeeded in achieving the expected positive outlook mentioned in the previous analysis, touching the second target to be achieved, which is located at 31,490, recording its highest level during the previous session’s trading 31,634. On the technical side today and in the short time intervals …
Read More »Canadian Dollar Continue to Rise
The Canadian dollar is continuing its positive trading within the expected bullish path after it successfully retested the support level of 1.2640. Technically speaking, we will maintain our positive outlook based on trading stability above the 50-day moving average, which is accompanied by the clear positive signs on the stochastic …
Read More »Gold under Selling Pressure
We kept our intraday neutrality of the previous analysis due to the conflicting technical signals, indicating that to resume the bearish trend, we need to see a break of 1717, targeting 1700, recording its lowest level during early trading for the current session at 1707. Technically speaking today, and by …
Read More »Bitcoin Needs Some Caution
Positive trades are dominated Bitcoin, to record its highest price during early trading of the current session at 46,516. On the technical side, there is a conflict between the positive motive coming from the 50-day moving average, and the negativity on the stochastic indicator. We will remain neutral due to …
Read More »German Dax Starts Positive
The German DAX index opened its first weekly trading with a bullish bias, taking advantage of building a base on the support floor 13,710/13,700. On the technical side, and by looking at the 60-minute chart, we see signs of a positive crossover that started appearing on the stochastic indicator. We …
Read More »Dow Jones Recovers
Negative trading dominated the Dow Jones Industrial Average, touching the official target to be achieved last Friday, located at 30,900, recording the lowest price of 30,865. On the technical side, trading has stabilized today above the support level at 30,825, accompanied by the index obtaining positive signs from the RSI. …
Read More »Canadian Dollar Approaching Second Target For Upward Correction
The Canadian dollar recovered significantly during last Friday’s trading session within the path of the aforementioned bullish correction, touching the first target of the correction at 1.2690, recording a high of 1.2748. Technically speaking, and with a closer look at 60 minutes chart, we find the stochastic indicator is trading …
Read More »Gold Trying to Recover
Gold prices incurred strong losses at the end of last week’s trading within the expected downside path, in which we relied on the existence of a bearish technical structure that supports the decline, surpassing the official target of 1745, recording its lowest price of 1717. Technically speaking, and with a …
Read More »Dow Jones Pressing support
Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous trading session on Wall Street, recording its highest level at 32030. On the technical side, trading in a short time frame witnessing a bearish bias, as we find the price stable below 31,300, and in general …
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