Tag Archives: technical

The technical outlook remains unchanged and pair remains little changed in negative territory. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing their negative pressure on prices, in addition to some features of a bearish technical pattern on the …

The pound failed to achieve long-term stability above 1.3000 against the US dollar, retreating significantly. Note that we mentioned in previous analysis that stability of trading below 1.3000 is an important and essential condition to activate the suggested scenario and trading below it negate the bullish attempts and we may …

The positivity continues in German DAX index, remains within the bullish path and touches the first target expected in the previous analysis, 13155 posting high at 13161. Technically, we find the RSI tilted to the positive with the index stable above its 50-day moving average. We will maintain our positive …

The Dow Jones Industrial Average continues posting gains, touching the first target mentioned in the previous analysis at 28740, posting a high of 28,843. Technically speaking, looking at the 60-minute chart, we find that the index continues to get a positive sign from the 50 SMA, which continues to hold …

The technical outlook remains unchanged, with little change in the pair’s movements, maintaining negative bias. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing the negative pressure on prices with features of a bearish technical pattern on the 4-hour …

The British pound achieved noticeable gains against the US dollar during the previous trading session within the expected bullish path, touching the first target 1.3085, reaching high of 1.3083. On the technical side, we notice that 50-day moving average is still holding the price, meeting around the support level of …

The German DAX maintained its positive stability, a few points difference from the aforementioned target 13130, to hit a high of 131 120.  The index above 13030 and the most important 12995 enhances the chances of an upside, in addition positive motive from its simple moving averages. The bullish scenario …

Dow Jones Industrial was able to touch the target level mentioned in the previous report at 28680, posting a high at 28596. Technically, SMA 50 hold the price and the RSI continues to get positive signals on short intervals. From here, by steadily trading above the previously breached resistance-into-support 28370, …

The pair continues to be negative for the third session in a row, after failing to stay above the psychological barrier of 1.3200. Technically, we see that the pair is stable around the support level of 1.3120, as we find the simple moving averages continue their negative pressure on prices …

Positive trading dominated the sterling’s moves against the dollar, touching our expected target at 1.3020, reaching a high during the Asian session at 1.3049. On the technical side, by looking at the 60-minute chart, we find the pair managed to build a base on the 1.3000 support floor accompanied by …