The British pound showed moves against the greenback to achieve strong gains, attacking the psychological barrier of 1.3200, reaching a high of 1.3193. Technically, the intraday trading remains stable above 1.3110 with the positive motive from the 50-day moving average that meets at the aforementioned level and adds more strength. …
Read More »Gold Starts The Week on The Positive Side
Gold prices opened the first weekly trading with a bullish tendency, touching the official target required to be achieved and mentioned in the previous report at 1963, reaching a peak at 1964. The technicals indicate the possibility of resuming the rally, depending on the continuation of gold obtaining clear additional …
Read More »Germany’s Dax Consolidates Gains
The German DAX managed to achieve the expected positive outlook, touching the official target required to be achieved in the previous session at 12470, peaking at 12580. The technicals are indicating the possibility of resuming the rally, given the price consolidating above the previously breached resistance turned into support at …
Read More »Dow Jones Dow Jones Continues to Make Gains
The Dow Jones Industrial Average touched the first required target mentioned in the previous analysis at 28220, extending the gains, peaking at 28386. Technically, we tend to be positive depending on the positive motive of the SMA-50, with the stochastic indicator centered around overbought areas. From here, with intraday trading …
Read More »Gold Trying to Rise on US Dollar
Positive trading dominated gold during the previous trading session after it succeeded in building on a strong support 19012, in addition to being able to confirm the breach of the resistance mentioned in the previous analysis at 1910, indicating that breaking it increases the possibility of touching 1934 to record …
Read More »German Dax Rises Amid Waiting For Results of Presidential Election
The German DAX jumped in the previous trading session, posting strong gains, touching 12354. Technically, looking at the 60-minute chart, we see the SMA 50 holding the price in addition to consolidating above the previously broken resistance 12100. Consequently, we may witness continued bullish attempts, which are confirmed by breaching …
Read More »Dow Jones Added More Gains
The Dow Jones Industrial Average managed to achieve strong gains in the previous session, touching our awaited target at 28110, peaking at 28190. Technically, we tend to be positive, but very cautiously depending on the RSI consolidation above the 50 on the short time intervals of the positive stimulus from …
Read More »Gold Trying to Rise on US Dollar
Gold moves tended to be positive, benefiting from building a base on 1882 support, as the current moves witness attempts to recover and consolidate above the 1901 resistance level. Technically, we note that the 50-day moving average provides a positive motive in conjunction with the clear positive signals on the …
Read More »Dow Jones in Green as Markets Await Elections Results
Positive trading dominated the Dow Jones Industrial Average on Wall Street yesterday amid the US presidential election, to reach a peak of 27,670. Technically, the stability of intraday trading and the index’s success in building a base on the psychological barrier of 27000 is a positive factor. This coincides with …
Read More »Gold Continues to Struggle, All Eyes on The Election Results
Gold moves witnessed positive attempts within an irregular path, in light of the increasing uncertainty about the US election results, to record a high of 1916 and a low of 1882. Technically, prices were unable to stabilize above the resistance level of 1901, Fibonacci retracement of 61.80%, and we see …
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