The German DAX index succeeded in touching the official station to be achieved, which is located at 13,580, recording its highest level of 13,587. On the technical side, the index is successful in building a base on the 13,500/13,490 support floor, temporarily supporting the upside, in addition to the positive …
Read More »Dow Jones Settled Above Support
Positive moves dominate the Dow Jones Industrial Average on Wall Street, recording a high of 30,225. On the technical side, we tend to be positive in our trading, but cautiously depending on the index’s price base above the 30,000/29,990 support level, accompanied by the persistence of stochastic centring around overbought …
Read More »CAD Gradually Losing Ground
The Canadian dollar was able to achieve the technique of retesting the resistance published during the previous analysis, which we made clear yesterday that we will increase the risk appetite to target 1.2775, recording the highest of 1.2790. Technically speaking, signs of negativity began to appear on Stochastic again and …
Read More »Gold Hovering Around Pivotal Resistance
Mixed trades dominated gold prices, but trading tended to be positive, heading to touch the first target expected to be achieved during the previous analysis, located at the price of 1867, its highest level during the morning trading of the current session 1868. On the technical side, we find gold …
Read More »Germany’s DAX Maintains Its Gains
Positive trading dominated the German DAX index, surpassing the required target at 13380, posting a high at 13427. On the technical side, the price has stabilized above 13,265, accompanied by positive signs of the RSI. It encourages us to maintain our positive outlook, provided that the breach of 13,430 is …
Read More »Dow Jones Settled Above Support
slight Positive Trades dominated the Dow Jones Industrial Average after it managed to build on the support level of 30,000, approaching the required target of 30,260, recording the highest of 30,240. On the technical side, the RSI indicator is still defending the upside, and this comes in conjunction with the …
Read More »CAD Testing Support
The Canadian dollar opened its daily trading within the expected downside direction, trying to break the solid support floor located at 1.2700, unable to break it yet. Technically speaking, and despite the current negative trades, we will expand the risk appetite, and prefer long positions from the current price, depending …
Read More »Gold Retested Support
We committed to the intraday neutrality during the previous analysis due to the contradictory technical signals, to find that gold prices witnessed positive moves, negating the bearish tendency to reach its highest level during the Asian session at 1858. On the technical side, and with a closer look at the …
Read More »Germany’s DAX Starts Positively
The German DAX Index opened its daily trading with clear negativity after finding a strong resistance level around 13,290. Technically speaking, we tend to be negative, depending on the stability of trading below the mentioned level, in addition to the continuation of negative pressure from the simple moving averages. In …
Read More »Dow Jones Faces Temporary Negative Pressure
Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous trading session, approaching the required target located at 30,360, posting a high of 30,320. On the technical side, the current movements are witnessing a bearish bias on short time frames due to the negative signs coming …
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