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, …
Read More »Dow Jones Facing Temporary Decline
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 …
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