Tag Archives: technical

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 …

The British Pound opened its first weekly trading with a bullish tendency within the upside as we expected, touching our first target 1.3310, posting high at 1.3327. Technically, we tend to be positive, depending on the pair’s stability above the 1.3270 resistance level, which has now turned into a support …

The current moves of the yellow metal are seeing a negative tilted sideways range from the bottom above 1860 and the top below 1882. Technically speaking, and by looking at the chart, we found a contradiction between the negativity of the stochastic indicator on the 4-hour interval and the positive …

The technical outlook remains unchanged, as the German DAX maintains positive side. Technically speaking, the index managed to build a base on support floor of 13035/13030, which was accompanied by the positive motive of the 50-day moving average. It encourages us to maintain our positive view, as long as the …

The current moves in the Dow Jones Industrial Average are witnessing a slight bearish bias, as a result of a collision with the resistance level 29480, and consolidate around the low of 29225. Technically, today, we are biased negatively in our intraday trading, depending on the negative signs coming from …

The Canadian dollar failed to confirm the breach of the resistance level of 1.3120, and the current moves are witnessing stability below the aforementioned level, stabilizing around its lowest level during the early trading at 1.3160. From the angle of technical analysis today, with the stochastic gradually losing the bullish …