Tag Archives: technical

Positive trades dominated the movements of the pound against the US dollar, approaching a few points difference from our published target during the previous analysis, located at 1.3390, to record its highest level at 1.3380. Technically, the pair found it difficult to continue rising as a result of approaching the …

Gold prices retreated significantly during the previous session, heading towards the second official target of the current downturn wave as we expected at 1800, shy of 3d goal at 1794. Technically, with the price’s failure to maintain trading above the 1845 level, accompanied by the negative pressure of the simple …

The German DAX index succeeded in achieving the second target of the previous analysis, which is located at 13290, posting a high of 13306. On the technical side, and with the index’s success in stabilizing intraday above 13080, in general above the solid support floor published during the previous analysis …

The Dow Jones Industrial Average jumped yesterday, canceling the negative outlook, as we expected it to return to its highest level at 29835. On the technical side, with the return of trading stability above the previously breached resistance level located at 29570, which was accompanied by the persistence of the …

The pivotal resistance levels published during the previous analysis, located at 1.3110, managed to limit the bullish tendency and forced the pair to retreat again to touch the target published in the previous analysis, 1.3040, posting a low of 1.3043. Technically, we tend to be negative in our trading, relying …

The British Pound succeeded in achieving the positive outlook, as we expected, surpassing the second goal around 1.3380, reaching its highest level at 1.3397. On the technical side, the pair was subjected to strong negative pressure as a result of approaching the psychological barrier resistance of 1.3400, to witness the …

The yellow metal suffered strong losses during the last trading session within the expected bearish path, touching the first official leg of the current downward wave referred to over several reports in a row located at 1845, to extend its losses during the morning trading of the current session 1821. …

German DAX maintains the bullish bias. Technically, we tend to maintain the negative outlook, provided that 13170 is confirmed, which enhances the chances of a rise towards 13220 as a first target, followed by 13290, based on the index’s success in building on the support floor of 13045/13040 with the …

Negative moves dominated the Dow Jones last week, approaching the target of retesting 29110, to hit a low of 29170. Technically, looking at the 60-minute chart, we find that the RSI continues to provide negative signals with the intraday trading stable below 29445/29440. From here, we will maintain negative expectations …

The Canadian dollar maintains its negativity after it encountered a strong resistance level near the psychological barrier of 1.3100, to return to stability once again, intraday below 1.3085. Technically, we tend to be negative depending on the regularity of the movement within the descending price channel, in addition to the …