Negative trading continues to control the Canadian dollar’s movements within the expected bearish path, touching the first target to be achieved yesterday at 1.2635 and approaching a few points difference from the second official target of 1.2600, recording the lowest price during the Asian session for the current session at …
Read More »Gold Trying to Rise Continuously
Positive trades dominate the movements of gold, taking advantage of building on the strong support floor located at 1810. On the technical side today, and with a closer look at the 60-minute chart, we notice the return of the price stability above the 50-day moving average, in addition to gold …
Read More »Canadian Dollar: Faces Negative Pressure
The Canadian dollar reversed the suggested upward correction during the previous analysis, after it hit the first goal of 1.2750, recording a high of 1.2763. Technically speaking, with the pair’s failure to breach the resistance level at 1.2750, in addition to the intraday stability below 1.2710 accompanied by the loss …
Read More »Gold Hits Support And Positivity Looking For Confirmation
Gold prices found a solid support level at our first target mentioned in the previous analysis at 1810, which forced it to rebound again to test the 1830 resistance level. On the technical side today, and with a closer look at the 60-minute chart, we notice the return of the …
Read More »Bitcoin Settled Below Resistance
Positive trading dominated the movements of Bitcoin during the last session’s trading, as the current moves witnessed stability in the price again above 47,000. Technically, despite the bullish bias, we tend to be negative, depending on the gradual loss of the bullish momentum stochastic, in addition to the price stability …
Read More »German DAX: Positivity Needs to be Confirmed
The German DAX index achieved noticeable gains, cancelling the negative outlook expected during the previous analysis, and as we indicated yesterday that crossing to the upside and rising again above 13,980 will renew the chances of an upside move towards 14,055, to reach a high of 14,042. Technically, we tend …
Read More »Dow Jones: Negative Trend Still Valid
The Dow Jones Industrial Average touched the target mentioned in the previous analysis, at 31,170, posting its lowest levels at 31,167. Technically, we tend to be negative in our trades depending on the negative signals coming from the RSI and its stability above the 50 midline, in addition to the …
Read More »Canadian Dollar: Built on Support
The Canadian dollar succeeded in touching the first target to be achieved during the previous report, located at 1.2675, to record its lowest price during the previous trading session of 1.2660. From a technical view, the pair found a good support floor represented by our previous target, to start its …
Read More »Gold Touching Goals
Gold prices retreated significantly within the expected negative outlook during the previous analysis, in which we relied on confirming the break of the support level of 1837, heading to touch our expected target during the previous analysis at 1820, recording its lowest price during the early trading of the current …
Read More »Bitcoin Retesting Support
Negative trading dominated the Bitcoin moves within the expected negative outlook during the previous analysis, heading to touch the official target of re-testing at 45,780, recording the lowest price at 44,460. We tend to be negative in the coming hours depending on the negative pressure of the 50-day moving average, …
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