Tag Archives: technical

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 …

The Dow Jones Industrial Average declined significantly during the previous session’s trading, negating the positive outlook. As we expected, as a reminder, we indicated that returning to trading again below the support level of 28550 will immediately stop the daily bullish trend, and witnessing negative trades targeting 28325, posting low …

The technical outlook remains unchanged for the Canadian dollar and there has been little change in the pair to maintain the negativity for the third session in a row. Technically, we see the pair stable around the support level of 1.3120, as we find the simple moving averages continuing negative …

Positive trading returned to dominate the sterling’s moves against the US dollar, negating the negative outlook, as we expected yesterday, and touching the stop loss order mentioned in the previous analysis at 1.3000, posting high at 1.3065. Technically, the 50-day moving average returned to hold the price in addition to …

The DAX declined significantly to negate the positive outlook, as we expected. We indicated in the previous report that trading below 13035 and the most important 12990 negates the bullish scenario and puts the price under negative pressure. Its initial targets are 12920, recording its lowest price, 19240, and compensating …

The Dow Jones turned negative after finding a strong resistance level near 28780. Technically, despite the bearish tendency, we find the index is intraday above 28460, with the RSI trying to provide positive signals. We believe that the daily trend is still bullish, but in condition of the breach of …