Tag Archives: technical

The Dow Jones industrial average maintains positive stability in the New York Stock Exchange, generally stable above the support floor 30,790. On the technical side today, and with a closer look at the chart, the stochastic indicator is still around overbought areas, and the RSI indicator is stable above the …

The Canadian dollar was able to trade positively during the previous session within the expected bullish path, touching the target of bullish correction, as we expected at 1.2730. Technically speaking, the current movements are witnessing a slight bearish bias, as a result of the stochastic entering the intraday overbought phase. …

Negative trading dominated gold price movements during last Friday’s session, heading to touch the official target at 1838. Technically, gold found a good support floor around 1837, to witness a re-test of 1854. Looking at the 60-minute chart, we find that the 50-day moving average is trying to push the …

Bitcoin retreated significantly, moving away from the record highs it had recently achieved, touching the second downside target mentioned in the previous analysis, located at 33,740, recording its lowest level at 30,645. On the technical side, today we are biased negatively citing the RSI losing its bullish momentum in addition …

The German DAX index succeeded in touching the first official target mentioned in the previous analysis, located at 14,000, to record its highest level at 14,010 during the morning period of the current session. On the technical side, the 50-day moving average is still holding the price from below, and …

Positive trading dominated the Dow Jones Industrial Average on Wall Street, to record its highest level during the previous session’s trading at 31,186. Technically, we are positive, and the RSI indicator is still trying to provide positive signals, supported by stochastic around overbought areas. Consequently, with trading above the support …

The Canadian dollar starts its daily trading on a slight bullish bias after benefiting from the support level of 1.2570, to trade near its highest level during the morning session at a price of 1.2674. Technically, and with a closer look at the 60-minute chart, we find the 50-day moving …

Gold prices failed to breach the resistance level of 1872, which we mentioned during the last analysis that it represents one of the directional keys to witness the current movements of gold, a slight downward slope that is stable below 1872. On the technical side today, negative signs started appearing …

Negative trading dominated the movements of Bitcoin as we expected touching our second awaited target located at 34,870, recording its lowest level at 33,967. Intraday trading continues below the resistance level 34,590 and in general below 34,780, in addition to the negative pressure from the 50-day moving average. It increases …

The technical outlook remains unchanged, and the movements of the German DAX index did not change significantly, preserving the positive stability. Technically, with trading above the support level of 13,850, accompanied by the index getting a positive motive from the 50-day simple moving average. Consequently, the bullish scenario remains valid …