Tag Archives: technical

European stocks rose Friday, January 8th, while the German DAX index hit a record high on the back of better-than-expected economic data and encouraging earnings updates from chipmakers. The European STOXX600 index rose 0.7% by and heading towards a weekly gain of more than 3% in light of hopes that …

Bitcoin continued to achieve new record highs, to surpass the 40,00 marks recording its highest level at 40,383. Technically, we tend to be positive, but with caution. Intraday trading is witnessing a slight bearish tendency after it failed to stabilize for a long time above the 40,000 barrier. There are …

The German DAX index was able to touch the first target to be achieved, which is located at 13,970 and is close by a few points from the second goal 14,110, recording its highest level of 13,994. On the technical side, the current movements of German DAX are witnessing a …

The Dow Jones Industrial Average continues to achieve records as we expected, heading to touch the first official target required to be touched during the previous trading session at 31,130, recording its highest level of 13,147 during early trading for the current session. On the technical side, and with the …

The technical outlook is unchanged, and the Canadian dollar’s ​​moves have not changed little, as part of the continued attempts to rise and stabilize above 1.2620. Technically, and despite the dominance of the general bearish trend over the pair’s movements, we believe that there is a possibility of an upward …

Negative trading is dominating the yellow metal’s movements after finding a strong resistance around 1927 which mentioned in the previous analysis, located at 23.60% Fibonacci retracement. Technically speaking, we see the intraday movements settled around the lowest level during the morning at 1906, and by looking at the chart, we …

Bitcoin succeeded in achieving the positive outlook, as we expected, touching the second target to be achieved yesterday, located at 37,240, recording its highest level at 37,692. Technically, the general bullish trend is still intact, but we believe that there is a possibility of a bearish slope occurring in the …

Positive trading dominated the German DAX, as we expected, touching the official station mentioned in the previous technical report at a price of 13,870, recording the highest of 13,920. On the technical side, we will maintain our positive outlook, depending on the stability of the intraday trading above the previously …

The Canadian dollar was able to build a base on the support floor of 1.2650, which we mentioned as a protection key to limit the bearish trend, forcing the pair to retest the previously broken support, which was converted to the resistance level at 1.2730. Technically speaking, and despite the …

The Dow Jones Industrial Average jumped yesterday, achieving strong gains on Wall Street, within a positive outlook, as we expected it to surpass the second official target at 30,530, recording its highest level at 30,909. On the technical side today, the daily trend is still up, dependent on stochastic around …