Positive trading dominated the movements of the Dow Jones Industrial Average in the New York Stock Exchange within the expected upward trend, touching our official awaited target 31,445, to succeed in reaching its highest level at 31,448. On the technical side today, and with a closer look at the 60-minutes …
Read More »DAX Put Pressure on Support
The German DAX index touched the first target to be achieved during the previous analysis, located at 10,465. The technical side today, we find that the index’s intraday trading is stable below 13,950, and we find negative signs appearing on Stochastic. From here, we may witness a bearish tendency during …
Read More »Canadian Dollar: Negative Pressure Persists
The Canadian dollar came under selling pressure during the previous trading session within the expected negative outlook, in which we depended on the breach of the support level of 1.2710, heading for touching our first target of 1.2670, recording a low of 1.2674. Technically, and with a closer look at …
Read More »Gold Faces Selling Pressure
We committed to the intraday neutrality during the previous analysis, indicating that we are waiting to confirm the breach of the resistance level of 1845, to enhance the chances of a bullish move towards our first awaited target of 1851, Posting Highest price during the last session at 1855. Technically …
Read More »Bitcoin Retesting Support
Bitcoin succeeded in retesting the required support during the previous analysis, located at the price of 46,440, recording its lowest level at 45,797. On the technical side, today we find the RSI indicator gradually losing the bullish momentum over the short time periods. With the intraday trading remaining below the …
Read More »Dax Falls Back After Touching Support
The German DAX index declined, eliminating the positive technical outlook as we expected, in which we relied on trading above 14,000, we indicated during the previous analysis that the attempt to break 14,000 postpones the chances of an upside and leads the index to re-test 13,950 to record a low …
Read More »Dow Jones Continues to Hit The Bullish Targets
Positive moves continue to dominate the Dow Jones Industrial Average, as we expected touching the first target to be achieved during the previous analysis, located at 31,350, recording its highest level at 31,382. On the technical side, today, with the index resting above the support floor of 31,210, accompanied by …
Read More »Canadian Dollar: Breaks Support And Negativity in Place
The technical outlook remains unchanged, and the pair’s movements have not changed significantly, maintaining the expected bearish bias. Technically speaking, the negative pressure from the 50-day moving average supports the continuation of the decline, in addition to trading stability below the extended resistance level of 1.2765 / 1.2780. Therefore, our …
Read More »Gold Needs Careful Consideration
Gold prices witnessed a gradual rise to the upside after it succeeded in confirming the breach of the strong resistance at 1820, which is close to our awaited target of 1551, to settle for recording its highest level during the last session of 1848. Technically speaking, we find gold is …
Read More »Bitcoin Achieves New Highs
Bitcoin prices jumped to achieve strong gains, surpassing all our targets, to reach the last target at 39,540, to reach its highest level at 47,325. The daily trend is tilted to the upside, but with a closer look at the short time frames, we find the signs of overbought clearly …
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