Tag Archives: technical

The DAX is witnessing positive movements as the week begins with a bullish bias. Technically, the index stabilizes intraday above 12780, and most importantly 12740, with a positive motive from the 50-day moving average. We think that there is a chance for a bullish tendency to occur in the coming …

Positive trading dominated the movements of the Dow Jones Industrial Average, nullifying the negative outlook as we expected, we indicated during the previous analysis that the breach of 28550 is capable of negating the bearish scenario, and the index returns to trade positively, heading towards 28740, to post high at …

We stood neutral in the previous analysis due to the contradictory technical signals. The pair started the first weekly trading with a bearish bias. From a technical point of view, looking at the 4-hour chart, we find a bearish technical structure that supports the continuation of the decline, with the …

The British pound continues its negative creep against the dollar within the expected bearish path, depending on the stability of trading below 1.2960, to gradually approach the target required to be achieved in the previous analysis at 1.2840, recording a low at 1.2860. Technically, the moving average is still pressing …

Gold prices opened the first session of the week with stability around the pivot level 1901. Technically, looking at the 4-hour chart, we see the SMA 50 attempts to pressure the price from the top, with the RSI tending to provide negative signals on short intervals, on the other side. …

The DAX suffered strong losses during the previous trading session within the bearish path, as we expected yesterday, touching our target 12795, posting low of 12575. From a technical point of view, we find that the SMA continues to pressure the price from the top and support the downside. Consequently, …

The Dow Jones Industrial Average managed to achieve the targets required to be reached in the previous analysis at 28030, posting a low of 28038. Technically, by looking at the 60-minute chart, we find that the 50-day moving average is pressing the price from the top, with the stochastic gradually …

The pair rallied significantly yesterday, after several successive sessions of moving within a weak sideways. To be reminded, we indicated during the previous analysis that the confirmation of the breach of the resistance level of 1.3175 is capable of releasing the pair from the sideways range and pushing the price …

Negative trading dominated the pound against the US dollar as we expected, touching the target to be achieved during the previous analysis at 1.2900, posting a low of 1.2886. Technically, by looking at the 4-hour chart, we see that the SMA 50 supports the bearish daily curve, with the stochastic …

Negative trading dominated the German DAX, recording the lowest level at 12935, near the support level mentioned in the previous analysis, 12925. Technically, we tend to negativity based on negative signs from the stochastic with negative pressure coming from the 50 day moving average. Therefore, the bearish bias will be …