Tag Archives: technical

building on the strong support mentioned in the previous analysis at 27700. Technically, as the index continues to receive positive signals from the RSI, it coincides with the positive signals from the 50-day moving average. This encourages us to hold onto our positive outlook, knowing that trading above 28355 confirms …

Negative trading is dominating the Canadian dollar after it failed to stabilize above the psychological barrier resistance of 1.3300, to gradually start drifting to the downside. Technically, we find that the SMA 50 continues negative pressure on the price, and this coincides with the stability of the RSI indicator below …

The pound was able to achieve the first awaited target we mentioned in the previous analysis at 1.2840, recording its lowest level at 1.2845. On the technical side, the support level represented by our target was able to push the pair up again with the aim of re-testing the resistance …

The German DAX was able to apply the bullish scenario as we expected, surpassing the initial target to be achieved 12895/12890, shy of few points from the second goal 12965, recording its highest at 12947. Technically, the current movements of the index may witness a slight bearish tendency due to …

The Dow Jones Industrial Average managed to achieve our bullish targets located at 28190, just shy of 28240, recording its highest level at 28230. Technically, despite the bearish trend, we are biased towards negativity, relying on negative signs appearing on the RSI and staying below the 50 midline. Therefore, we …

The Canadian dollar is witnessing positive movements during the previous session, after it succeeded in breaching the 1.3260 resistance level. Technically speaking, the current moves are stabilizing above the psychological barrier of 1.3300 and the SMA 50 is holding the price with signs of a positive crossover from the stochastic …

Negative trading dominated the British pound against the US dollar after it failed to breach the psychological barrier of 1.3000,  we have indicated that a breach of that resistance is a prerequisite for the continuation of the buying position, explaining that the price remains below 1.2920 nullifies the bullish scenario …

Positive trading dominated the German DAX index within the expected bullish path we mentioned in the previous analysis, and reached the target level of 12870, posting a session high at 12870. Technically, the intraday trading is holding above 12770 and generally above 12710/12735 with positive signals from the 50-day moving …

The Dow Jones Industrial Average jumped on Wall Street yesterday, posting strong gains, surpassing the previous target we mentioned of 27880, to hit a high of 28085. Technically, we expect the upside move based on the breach of 27765 resistance, which has turned into strong support, in addition to positive …

The Canadian dollar managed to achieve the negative outlook that we mentioned in the previous analysis, touching the first target during the previous session at 1.3355, recording its lowest price at 1.3242. Technically, and looking at the 4-hour chart, we find that the 50-day moving average is forming pressure on …