Tag Archives: technical

The Dow Jones Industrial Average jumped on Wall Street to achieve strong gains again, touching the first official target to be achieved at 31,070, recording its highest price of 31,163 during early trading for the current session. On the technical side today, by looking at the chart, we see the …

The Canadian dollar declined significantly within the bearish trend, as we expected, pointing out during the previous analysis that a break of 1.2680 will extend the pair’s losses, targeting 1.2620, a next official station, for the pair to record its lowest price at 1.2605. Technically, the negative aspects are still …

The strong resistance levels published during the previous analysis, located at 1856, were able to limit the upward slope in the middle of European trading, which forced gold to retreat targeting a retest of 1832, so gold collides again with the support level of 1838, to push it into a …

Bitcoin traded negatively during the previous trading session, recording its lowest level during early trading for the current session 35,109. We tend to be negative in our trades depending on the negative pressure of the 50-day moving average in addition to trading stability below 35,400. With the confirmation of breaking …

The German DAX index was able to trade positively within the expected bullish range, touching our awaited target at 13,950, to hit a high of 13,942. Technically, with trading remaining above the support level 13,770, accompanied by the index getting a positive motive from the 50-day simple moving average. Consequently, …

The Dow Jones Industrial Average succeeded in achieving the positive outlook, as we expected, touching the first target to be achieved yesterday, located at 30,970, to record a high of 30,980. On the technical side, with stochastic remaining close to overbought areas, in addition to the RSI indicator continuing to …

The Canadian dollar failed to hold above 1.2800 for several sessions in a row, as the current moves see a re-test of the 1.2700 psychological barrier support. From the angle of technical analysis, we find that the simple moving averages began to pressure the price from the top, and we …

Positive trades dominated the gold price movements during the morning session of the current session, recording its highest level at 1850. On the technical side, and by looking at the 240-minute chart, we find gold is stable above the support level of 1838 represented by the 38.20% Fibonacci correction accompanied …

Bitcoin was able to confirm the breach of the resistance level at 35,560. To remind us, we indicated during the previous analysis that a catalyst breach it strengthens the chances of a rally towards 35,850. To record its highest level at 36,624. In our trading, we tend to be negative, …

The German DAX opened its daily trading with a bullish bias after finding a solid support floor around 13670. Technically speaking, with trading remaining above 13760, accompanied by the positive motive of the 50-day simple moving average. The bullish bias is likely today targeting 13,890/13,895 the first target, bearing in …