Negative trading dominated the movements of the Dow Jones Industrial Average during the last session, to touch the first negative target to be achieved at 31,220, recording its lowest price at 31,101. On the technical side today, the intraday trading remains below the resistance level of 31,610 and the most …
Read More »Canadian Dollar: Retest of Broken Support
Negative trading dominated the Canadian dollar’s movements yesterday within the expected bearish context, touching the first target to be achieved during the previous session at 1.2560, recording its lowest price of 1.2560. Technically speaking, and with a closer look at the 60-minute chart, we find that Stochastic started to provide …
Read More »Gold Hits The Resistance
We remained neutral in the previous analysis due to the conflict of technical signals, indicating that the confirmation of the bullish trend needs gold to witness a clear breach of the resistance level of 1816, to find that the price collided with the aforementioned resistance level, trading negatively again, recording …
Read More »Bitcoin Facing Profit-Taking
Bitcoin prices fell significantly due to its exposure to strong profit-taking, after a series of record gains approaching $60,000. Technically, we are biased towards negativity due to the obvious negativity of Stochastic, in addition to the negativity of the simple moving averages. We await confirmation of breaching 48,350 support, targeting …
Read More »German DAX: Trying to Consolidate
The DAX index continues to maintain its positive side, trying to stabilize for the second session in a row above the support level of 13,810/13,800. Technically we tend to be positive on short intervals, but with caution. The RSI is stable above the 50 midline, which supports the bullish bias. …
Read More »Dow Jones Faces a Temporary Negativity
The Dow Jones Industrial Average succeeded in achieving the negative outlook, as we expected during the last analysis, touching the target of 31,210, recording a low of 31,188. On the technical side today, and with a closer look at the 60-minute chart, we find the RSI continues to get negative …
Read More »Canadian Dollar: Pressure on Support
Quiet trading, which tends to be negative, dominates the movements of the US dollar against the Canadian dollar, as the pair begins negative pressure on the support level of 1.2590. Technically, with a closer look at the chart, there is negative pressure coming from the 50-day moving average and trading …
Read More »Gold Tends to be Negative
The yellow metal prices witnessed a bullish wave with the opening of the first trading sessions of this week, to witness the intraday movements stabilizing above the psychological line of 1800 resistance. On the technical side, stability trading above 1800 supports the rise, and with a closer look at the …
Read More »Bitcoin Tends to Have Intraday Negativity
Trading tended to be negative but still limited after several consecutive sessions of the record highs. On the technical side, we tend to be negative, but cautiously, relying on trading stability below 51,400 accompanied by signs of losing the RSI’s bullish momentum. Confirmation of breaking 51,090/51,060 puts the price under …
Read More »German DAX: Settled Below Resistance
The German DAX index succeeded in achieving the negative outlook, as we expected, touching the first target to be achieved during the previous analysis, located at 13,850, recording the lowest price of 31,843. On the technical side today, and with a closer look 60-minute chart, we find the 50-day moving …
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